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Ravi borrowed Rs. 1000 from Sridhar at 3...

Ravi borrowed Rs. 1000 from Sridhar at 3% C.I. for the first year, 5% C.I. for the second year. What amount does Sridhar get at the end of the second year ?

A

Rs. 1081

B

Rs. 1081.50

C

Rs. 1082.50

D

Rs. 1083

Text Solution

Verified by Experts

The correct Answer is:
B
Use formula for amount at different rates.
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