Question

A certain amount becomes Rs. 4200 in 4 years and Rs. 4800 in 6 years at simple interest. Find the interest earned if the same sum is invested at 20% p.a. compound interest, compounded annually for 2 years.

A Rs.1320
B Rs.1220
C Rs.1052
D Rs.2500
E None of these
Practice Next

More Simple and compound interest Questions

Hey! Ask a query