Compound interest received on a sum in year is ₹ 1200 (interest is compounded annually).If the rate of interest is 22.5% per annum, then what will be the interest in 6th year?

Compound interest received on a sum in year is ₹ 1200 (interest is c

1.	Compound interest received on a sum in year is ₹ 1200 (interest is compounded annually).If the rate of interest is 22.5% per annum, then what will be the interest in 6th year?
A.	₹ 3310
B.	₹ 2706
C.	₹ 2984
D.	₹ 2778
Answer» B. ₹ 2706

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Compound interest received on a sum in year is ₹ 1200 (interest is compounded annually).If the rate of interest is 22.5% per annum, then what will be the interest in 6th year?

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