What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., i – McqOptions

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1.	What is the compound interest on Rs. 48,000 for 2 years at 20% p.a., if interest is compounded annually?
A.	Rs. 69,120
B.	Rs. 21,120
C.	Rs. 76,800
D.	Rs. 72,000
Answer» C. Rs. 76,800

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