What will Rs. 40,000 amount to in 2 years at the rate of 20% p.a., if – McqOptions

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1.	What will Rs. 40,000 amount to in 2 years at the rate of 20% p.a., if interest is compounded yearly?
A.	Rs. 48,620
B.	Rs. 58,564
C.	Rs. 57,600
D.	Rs. 60,000
Answer» D. Rs. 60,000

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