Question

What is CI on Rs. 7500 for 4 years if the rate of interest is 10% p.a. for the first 2 year and 20% p.a. for the next 2 year? 

A Rs 13200 Correct Answer Incorrect Answer
B Rs 12500 Correct Answer Incorrect Answer
C Rs 13500 Correct Answer Incorrect Answer
D Rs 14500 Correct Answer Incorrect Answer

Solution

As we have to calculate the sum for half-time, both time period is the same, and hence  a:b = b:c  7500:x = x:24300  x = Rs 13500

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