allery₹8000 earns 10% in year one. ₹2800 is then withdrawn; the remainder earns 20% in year two. Final balance?
A₹6600
B₹7200
C₹7000
D₹7600
Answer & Solution
Correct answer: B. ₹7200
After year one and withdrawal the balance is ₹8800 − ₹2800 = ₹6000; a 20% rise gives ₹7200.
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