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A sum of Rs. 3000 is invested on compoun...

A sum of Rs. 3000 is invested on compound interest (compounded anually) at the rate of interest `20%` per annum
What is the compound interest for 2 years ?

A

A)Rs. 1440

B

B)Rs. 1320

C

C)Rs. 1200

D

D)Rs. 1360

Text Solution

Verified by Experts

The correct Answer is:
B
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