Rs. 6000 was lent at compound interest for 2 years. The rates of interest for the first and second years were 10% per annum and 30% per annum respectively. If the rate of interest each year had been 20% per annum, then the additional amount obtained would have been (in Rs. ).A. 60B. 30C. 90D. 120

Rs. 6000 was lent at compound interest for 2 years. The rates of inter

1.	Rs. 6000 was lent at compound interest for 2 years. The rates of interest for the first and second years were 10% per annum and 30% per annum respectively. If the rate of interest each year had been 20% per annum, then the additional amount obtained would have been (in Rs. ).A. 60B. 30C. 90D. 120
Answer» Correct Answer - A Amount realised (in Rs.) `=6000(1+(10)/(100))(1+(30)/(100))` =6000(1.1)(1.3)=850 If the rate of interest each year was 20% per annum, amount realised (in Rs. )`=6000(1+(20)/(100))^(2)` `=6000(1.2)^(2)` `=6000(1.44)=8640` `therefore` Additional amount realised = Rs. 60

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Rs. 6000 was lent at compound interest for 2 years. The rates of interest for the first and second years were 10% per annum and 30% per annum respectively. If the rate of interest each year had been 20% per annum, then the additional amount obtained would have been (in Rs. ).A. 60B. 30C. 90D. 120

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