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18 vote

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

Asked on by | Votes 18 | Views: 306 | Tags: mathematics     | compound interest     | quantitative aptitude     | ssc     | Add Bounty

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

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2 answers

34 vote
Answered by on | Votes 34 |
I am not sure, may be Rs.280.80 is correct

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21 vote
Answered by on | Votes 21 |

.A = P ($1+\frac{R1^{T1}}{100}$) ($1+\frac{R2^{T2}}{100}$)

$250\times\frac{104}{100}\times\frac{108}{100}$

A= 280.80




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