Question:
If a sum of Rs.40,000 is invested at compound interest for 2 years at the annual interest rate of \(20\%\), then what is the interest earned?
If a sum of Rs.40,000 is invested at compound interest for 2 years at the annual interest rate of \(20\%\), then what is the interest earned?
Updated On: Oct 22, 2024
- Rs.15,200
- Rs.17,600
- Rs.16,400
- Rs.18,800
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The Correct Option is B
Solution and Explanation
The correct answer is (B),Rs.17,600
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