- A1640
- B1600
- C1680
- D1620
Step-by-Step Solution
Amount = = ₹17,640. Interest = 17,640 − 16,000 = ₹1640.
Answer: A) 1640
Arjun borrows ₹16,000 at 5% per annum compound interest, compounded yearly. How much interest does he owe after 2 years? (answer in ₹)
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