Question

3. If a man invests 12000 for two years at the rate of 10% per annum compound interest,
then the compound interest earned by him at the end of two years is
(a) 2400
(b) 2520
(c) 2000
(d)1800

Answer 1

Ans is 2400
As if he earns 10% interest per annum then he earns 20% interest in 2 annum/years
And 20% of 12000 is 120x20=2400

Answer 2

Answer:

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