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Find the compound interest on 18,750 in ...

Find the compound interest on 18,750 in 2 years the rate of interest being 4% for the first year and 8% for the second year.

A

Rs. 2310

B

Rs. 1130

C

Rs. 3120

D

None of these

Text Solution

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The correct Answer is:
A
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Knowledge Check

  • What is the Compound interest on 5000 in 3 years, if the rate of interest is 4% for the first year, 3% for the second year and 2% for the third year?

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    ? 760

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    ₹ `142.4`
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