Mathematics · Compound Interest
Calculate the compound interest on Rs. 4,000 for 2 years at 20% per annum when the interest is compounded annually.
- 1Rs. 1,760✓
- 2Rs. 1,756.4
- 3Rs. 1,846.4
- 4Rs. 1,746.4
Correct answer
Rs. 1,760
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