A) Rs. 2303.50
B) Rs. 2402.50
C) Rs. 2002.50
D) Rs. 5020.50
Correct Answer: B
Solution :
P = Rs. 10000, R=10% per annum\[=2\frac{1}{4}\]yr Amount\[=P\times {{\left[ 1+\frac{R}{100} \right]}^{2}}\times \left[ 1+\frac{\frac{1}{4}R}{100} \right]\] \[=Rs.\,\,\left\{ 10000\times {{\left[ 1+\frac{10}{100} \right]}^{2}}\times \left[ 1+\frac{1}{4}\times \frac{10}{100} \right] \right\}\] \[=\,\,Rs.\,\,\left[ 10000\times \frac{11}{10}\times \frac{11}{10}\times \frac{41}{40} \right]\] = Rs. 12402. 50 CI = Rs. (12402.50 - 10000) = Rs. 2402.50
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