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A sum of Rs. 2000 at 40% per annum comp...

A sum of Rs. 2000 at `40% ` per annum compounded annually. Calculate the interest for the third year at compound interest ?
A. 1500
B. 1600
C. 1568
D. 1750

A

D

B

C

C

B

D

A

Text Solution

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The correct Answer is:
B
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