The simple interest at 10% p.a. on a deposit for 2 years is Rs. 4,000. If the interest is compounded on an annual basis, how much more will be the amount of interest?
1
Rs. 200
2
Rs. 240
3
Rs. 220
4
Rs. 190
The simple interest at 10% p.a. on a deposit for 2 years is Rs. 4,000. If the interest is compounded on an annual basis, how much more will be the amount of interest?