The amount of Rs. 20, 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)

The amount of Rs. 20, 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)

1). 24,320
2). 24,600
3). 24,620
4). 24,640

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