Mathematics · Compound Interest
On a certain sum, simple interest at the annual rate of 12% for 6 years is Rs. 28800. What will be the compound interest on the same sum at the annual rate of 20% (compounding annually) for 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 14400
- 2Rs. 12000
- 3Rs. 19200
- 4Rs. 17600✓
Correct answer
Rs. 17600
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