A principal invested at simple interest amounts to by 300% in 10 years. What will be the compound interest of Rs 50,000 after 2 years at the same rate?

A principal invested at simple interest amounts to by 300% in 10 years

1.	A principal invested at simple interest amounts to by 300% in 10 years. What will be the compound interest of Rs 50,000 after 2 years at the same rate?
A.	Rs 22,000
B.	Rs 20,000
C.	Rs 21,600
D.	Rs 26,400
Answer» B. Rs 20,000

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A principal invested at simple interest amounts to by 300% in 10 years. What will be the compound interest of Rs 50,000 after 2 years at the same rate?

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