Question:
A sum of Rs 45,000 amounts to 68040 in 3 years with Interest compounded annually. The ROI is 8 % pa for the first year as 12% pa for the second year. Find the ROI of the third year.
A sum of Rs 45,000 amounts to 68040 in 3 years with Interest compounded annually. The ROI is 8 % pa for the first year as 12% pa for the second year. Find the ROI of the third year.
Updated On: Dec 1, 2024
- 10 % f
- 12%
- 25%
- 16%
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The Correct Option is C
Solution and Explanation
The correct option is (C) :25% .
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