Mathematics
The amount of ₹ 1,000 in 2 years and at 20% compound interest compounded per year is:
₹ 1,200
₹ 1,400
₹ 800
₹ 1,440
Compound Interest
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Answer
Given, P = ₹ 1,000
R = 20%
n = 2 years
Using the formula, A =
Substituting the values,
Hence, option 4 is the correct option.
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