Mathematics · Compound Interest

The amount obtained on a sum of ₹4,200 at 20% per annum compound interest, compounded annually, in 2 years will be:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹6,497
2₹6,048✓
3₹6,219
4₹5,348

Correct answer

₹6,048

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The amount obtained on a sum of ₹4,200 at 20% per annum compound interest, compounded annually, in 2 years will be:

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