- A2000
- B2040
- C2080
- D27040
Step-by-Step Solution
Amount = . CI = 27,040 − 25,000 = ₹2,040.
Answer: B) 2040
On a fixed deposit of ₹25,000 at 4% per annum compounded annually, what interest is earned in 2 years? (answer in ₹)
Competition practiceSimple & Compound Interest
Master this topic in 30 minutes a day.
Don't just memorise the answer — build a daily practice habit.
Practice 5 Similar Questions Free →All Simple & Compound Interest practice questions
More Simple & Compound Interest practice
The difference between compound interest and simple interest on a sum for 2 years at 15%…₹8,000 is invested for 1 year at 10% per annum, compounded half-yearly. Find the…The difference between compound interest and simple interest on a sum for 2 years at 15%…The difference between compound interest and simple interest on a sum for 2 years at 8%…Rekha deposits ₹15,000 in a bank paying 8% per annum, compounded annually. How much…