Question

A sum of Rs. 25600 is divided between 'Meera' and 'Nisha' in the ratio 9:7. If 'Nisha' invests her share in a scheme offering compound interest (compounded annually) of 12% p.a., what will the sum amount to in 2 years?

A Rs.16025.8
B Rs.10265.5
C Rs.14048.8
D Rs.23020.5
Practice Next

More Simple and compound interest Questions

Hey! Ask a query