A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.
A. 1500
B. 1600
C. 1568
D. 1750
Answer:C
A sum of Rs. 2000 at 40% per annum compounded annually. Calculate the interest for the third year at compound interest.
A. 1500 B. 1600 C. 1568 D. 1750