Question

A sum of ₹2,00,000 is invested for 2 years at an annual interest rate of $20\%$per annum compounded half yearly. After 2 years, the amount is invested again at $30\%$simple interest per annum for 1 year. What will be the final amount after 3 years?

• A. Rs.3,61,808
• B. Rs.3,80,666
• C. Rs.2,92,820
• D. Rs.3,28,914

Answer 1

Answer: (B)

Rs.3,80,666

Answer 2

The correct answer is (B),3,80,666