Aptitude | Compound Interest | Question 12

An amount of 200000 is deposited in bank under a scheme which provides 10% rate 1st years, 20% rate 2nd year and 5% rate 3rd year. After 3rd year what amount will be returned?
(A) 277400
(B) 277220
(C) 277200
(D) 277320

Answer: (C)

Explanation: A = 200000 (1+10/100)(1+20/100)(1+5/100)
A= 200000(110/100)(120/100)(105/100)
A= 277200

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