Question

Find the amount of Rs 12000 after 2 years compounded annually the rate of interest being 5 % pa during the first year and 6% pa during the second year also find the compound interest?

• A. Rs 1256
• B. Rs 1356
• C. Rs 1200
• D. Rs None of these

Answer 1

Answer: (B)

P=Rs.12000,Time=2 Years,Rate=5% and 6%
$A=P{(1+\frac{R}{100})}^T$
$\Rightarrow 12000(1+\frac{5}{100})(1+\frac{6}{100})$
$\Rightarrow 12000\times \frac{105}{100}\times \frac{106}{100}$
$\Rightarrow 13356Rs$
$C.I=A-P$
$\Rightarrow 13356-12000=1356Rs.$