Mathematics · Compound Interest

The amount on a sum of ₹2,600 at 20% per annum compound interest, compounded annually, in 2 years will be:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹4,363
2₹3,441
3₹2,950
4₹3,744✓

Correct answer

₹3,744

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The amount on a sum of ₹2,600 at 20% per annum compound interest, compounded annually, in 2 years will be:

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