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Question

Quantitative Aptitude Question on SI & CI

If a sum of Rs.40,000 is invested at compound interest for 2 years at the annual interest rate of 20%20\%, then what is the interest earned?

A

Rs.15,200

B

Rs.17,600

C

Rs.16,400

D

Rs.18,800

Answer

Rs.17,600

Explanation

Solution

The correct answer is (B),Rs.17,600