Question

Sourabh borrows $2500000 at 12% compound
interest from a bank and invests in shares.
The investment gives him a return of 20% per annum
and he repays 500000 at the end of first year. How
much does he make for himself after paying all the
outstanding amount at the end of the second year?
(A) 424000
(B) 356241.50
(C) 525000
(D) 484241.80​

Answer 1

Answer:

A - 42,4000

Explanation:

50,000- 76,000

= 42,4000