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A person deposits an amount of Rs.10000 at 10% p.a compound interest. For the 1st year the interest is compounded annually. For 2nd year the interest is c

A person deposits an amount of Rs.10000 at 10% p.a compound interest. For the 1st year the interest is compounded annually. For 2nd year the interest is compounded half yearly. At the end of two years the sum amounts to 

  • Option 1)

    Rs.12587.5                 

  • Option 2)

       Rs.12127.5            

  • Option 3)

        Rs.12367.5             

  • Option 4)

    Rs.12500.5         

  • Option 5)

       None of these

Answers (1)
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R =100 %

After\: years \: the\: sum \: amounts = 1000 \times 1.1 \times (1.05) ^{2}

= 10000 \times \frac{11}{10} \times \frac{21}{20} \times \frac{21}{20}

12127.5 Rs.

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