Mathematics · Compound Interest
The compound interest accrued on a sum of Rs. 20,000 at the end of 2 years compounded annually is Rs. 2,050. Find the compound interest accrued on the same sum at the end of the 3rd year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3,154.50
- 2Rs. 3,152.50✓
- 3Rs. 2,852.50
- 4Rs. 3,153.50
Correct answer
Rs. 3,152.50
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