What docs Rs.250 amounts to In 2 years with compound Interest at the rate of 4% in the 1st year and 8% In the second year
1). Rs.280
2). Rs.280.80
3). Rs.468
4). Rs.290.80
.A = P ($1+\frac{R1^{T1}}{100}$) ($1+\frac{R2^{T2}}{100}$)
$250\times\frac{104}{100}\times\frac{108}{100}$
A= 280.80