Mathematics · Interest
The simple interest on a sum at 20% per annum for 2 years is Rs. 1,040. Find the total amount (principal + interest) under compound interest on the same sum for the same period and at the same rate of interest, compounded annually.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 3,544
- 2Rs. 3,744✓
- 3Rs. 3,844
- 4Rs. 3,644
Correct answer
Rs. 3,744
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