A sum invested at 8% p.a. amounts to Rs. 20,280 at the end of one year, when the interest is compounded half-yearly. what will be the compound interest (in Rs.) on the same sum for 2 years if the interest rate is the same as earlier and interest is compounded annually?

A sum invested at 8% p.a. amounts to Rs. 20,280 at the end of one year

1.	A sum invested at 8% p.a. amounts to Rs. 20,280 at the end of one year, when the interest is compounded half-yearly. what will be the compound interest (in Rs.) on the same sum for 2 years if the interest rate is the same as earlier and interest is compounded annually?
A.	3,260
B.	4,000
C.	2,750
D.	3,120
Answer» E.

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A sum invested at 8% p.a. amounts to Rs. 20,280 at the end of one year, when the interest is compounded half-yearly. what will be the compound interest (in Rs.) on the same sum for 2 years if the interest rate is the same as earlier and interest is compounded annually?

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