Question:
Rs.2,00,000 is invested for 4 years at yearly compounded interest such that the rate of interest is\(10\%\);per annum for first 2 years and\(30\%\)per annum for last 2 years. What will be the sum of money after 4 years?
Rs.2,00,000 is invested for 4 years at yearly compounded interest such that the rate of interest is\(10\%\);per annum for first 2 years and\(30\%\)per annum for last 2 years. What will be the sum of money after 4 years?
Updated On: Oct 23, 2024
- Rs.3,47,810
- Rs.3,78,280
- Rs.3,99,990
- Rs.4,08,980
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The Correct Option is D
Solution and Explanation
The correct answer is (D);Rs.4,08,980
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