Question:
A sum of ₹2,00,000 is invested for 2 years at an annual interest rate of \(20\%\)per annum compounded half yearly. After 2 years, the amount is invested again at \(30\%\)simple interest per annum for 1 year. What will be the final amount after 3 years?
A sum of ₹2,00,000 is invested for 2 years at an annual interest rate of \(20\%\)per annum compounded half yearly. After 2 years, the amount is invested again at \(30\%\)simple interest per annum for 1 year. What will be the final amount after 3 years?
Updated On: Oct 22, 2024
- Rs.3,61,808
- Rs.3,80,666
- Rs.2,92,820
- Rs.3,28,914
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The Correct Option is B
Solution and Explanation
The correct answer is (B),3,80,666
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