Teaching OSSC TGT Teachers Mock Test 2023 Quantitative Aptitude Interest Compound Interest

What would be the compound interest earned on Rs. 20000 in 2 years if the rate of interest for the first year is 5% per annum and that for the second year is 8% per annum?

1

Rs. 2680

2

Rs. 2820

3

Rs. 2640

4

Rs. 2440

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