Answer: Vikas would receive approximately Rs 1,12,718. 10 at the end of 2 years.
Step-by-step explanation: to calculate the amount Vikas is to receive we use the formula
A = P(I+r/n)^(nt)
given; P =Rs 1,00, 250
r = 6% per annum = 0.06
n = 1 (compounded annually)
t = 2 years
substituting the value into formula: A = 100250(1 + 0.06/1)^(1*2)
= 100250( 1 +0.06) ^ 2
= 100250( 1.06)^ 2
= 100250 * 1.1236
= Rs. 1,12,718.10
