Question
Quantitative Ability and Data Interpretation Question on SI & CI
A sum of Rs 45,000 amounts to 68040 in 3 years with Interest compounded annually. The ROI is 8 % pa for the first year as 12% pa for the second year. Find the ROI of the third year.
A
10 % f
B
12%
C
25%
D
16%
Answer
25%
Explanation
Solution
The correct option is (C) :25% .