Mathematics · Compound Interest
The simple interest on a sum at 20% per annum for 2 years is Rs. 960. 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. 3156
- 2Rs. 3356
- 3Rs. 3456✓
- 4Rs. 3256
Correct answer
Rs. 3456
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