A sum of Rs. 91,000 is borrowed at 20% per annum compounded annually. If the amount is to be paid in two years, the amount will be?

1:

1,20,000 Rs

2:

1,25,760 Rs

3:

1,27,526 Rs

4:

1,31,040 Rs.

5:

1,34,034 Rs

P = Rs 91000, R = 20%, t = 2 years

Amount = 91000 $×(1+10020 )_{2}$ =

91000 $×100120 $ $×100120 $ =

Rs = 131040

This has been asked in Question Paper

SBI PO Prelims 2017

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