Mathematics · Compound Interest

Vivek borrowed Rs. 20,000 from his friend at 12% per annum simple interest. He immediately lent it to Jyoti at the same rate but compounded annually. What would be his gain after 2 years?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

Correct answer

Rs. 288

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Chapter Practice

Want more practice questions on Compound Interest?

Solve complete topic-wise tests with detailed solutions on GkGet.

Recommended practice questions in Mathematics · Compound Interest

The Dandi March, also known as the Salt Satyagraha, was led by which influential leader?

Which act formally granted independence to India, marking the end of British rule?

Who was the key figure in establishing the Indian National Congress?

Related Practice Questions