Q. What is the amount on ₹3000 at 20% p.a for 2 years compounded annually?
✅ Correct Answer: (C)
₹4320
Explanation: Amount = 3000 × (1.2)² = 3000 × 1.44 = 4320.
Explanation by: Mr. Dubey
Amount = 3000 × (1.2)² = 3000 × 1.44 = 4320.