In 2 years at simple interest, the principal increases by 8%. What will be the compound interest earned (in Rs.) on Rs. 10 lakhs in 2 years at the same rate?

In 2 years at simple interest, the principal increases by 8%. What wil

1.	In 2 years at simple interest, the principal increases by 8%. What will be the compound interest earned (in Rs.) on Rs. 10 lakhs in 2 years at the same rate?
A.	86000
B.	81600
C.	90000
D.	94000
Answer» C. 90000

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In 2 years at simple interest, the principal increases by 8%. What will be the compound interest earned (in Rs.) on Rs. 10 lakhs in 2 years at the same rate?

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