- A3200
- B3360
- C3300
- D3460
Step-by-Step Solution
Amount = = ₹19360, so CI = 19360 − 16000 = ₹3360. (₹3200 is the simple interest.)
Answer: B) 3360
Mr. Iyer keeps ₹16000 in a cooperative bank deposit paying 10% per annum, compounded annually. How much interest does he earn in 2 years (in ₹)?
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