Ravi deposited Rs. 40,000 in a fixed deposit at the rate of 20% per an – McqOptions

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1.	Ravi deposited Rs. 40,000 in a fixed deposit at the rate of 20% per annum simple interest. At the end of the second year he adds his interest earned to the principal. The interest earned on the new principal at the end of the fourth year is:
A.	24000
B.	21800
C.	22400
D.	38400
Answer» D. 38400

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