1. The amount of Rs. 10,000 after 2 years, compounded annually with the rate of interest being 10% per annum during the first year and 12% per annum during the second year, would be (in rupees)
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By: anil on 05 May 2019 01.49 am
Principal amount = Rs. 10,000 Rate of interest = 10% for first year and 12% for second year => Amount after interest = $$10,000 imes frac{110}{100} imes frac{112}{100}$$ = $$110 imes 112=Rs.$$ $$12,320$$ => Ans - (C)
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