Discussion

Explanation:

Interest for 1st year = 7% of 5,50,000 = 38,500

Interest for 2nd year = 7% more than 38,500 = 41,195

∴ Total interest for 2 years = 41,195 + 38,500 = 79,695

Hence, option (a).

» Your doubt will be displayed only after approval.

Doubts


Subscribe to our Newsletter

© 2022 | All Rights Reserved | Apti4All