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    Question

    A sum of Rs. 25600 is divided

    between 'Meera' and 'Nisha' in the ratio 9:7. If 'Nisha' invests her share in a scheme offering compound interest (compounded annually) of 12% p.a., what will the sum amount to in 2 years?
    A Rs.16025.8 Correct Answer Incorrect Answer
    B Rs.10265.5 Correct Answer Incorrect Answer
    C Rs.14048.8 Correct Answer Incorrect Answer
    D Rs.23020.5 Correct Answer Incorrect Answer

    Solution

    ATQ, Amount received by 'Nisha' = 25600 × 7/16 = Rs.11200 So, total amount received by 'Nisha' after 2 years =

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