Mathematics · Compound Interest
Kiran lent ₹40,000 to Kishore on compound interest for 2 years, compounded annually. If the rate of interest is 20% per annum, what is the compound interest that Kiran will receive after 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹16,780
- 2₹14,560
- 3₹17,600✓
- 4₹12,350
Correct answer
₹17,600
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