Question

A principal of Rs 10,000 after 2 years compounded annualy, the rate of interest being 10% p.a.during the first year and 12% p.a. during the second year will amount to:
(a) 12,000

(b) 12,320

(c) 12,500

(d) 11,320

Answer 1

 Second year will amount to : Rs 12320