A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year?

A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the

1.	A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year?
A.	Rs. 445.44
B.	Rs. 548
C.	Rs. 454.88
D.	Rs. 544
Answer» B. Rs. 548

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A sum of Rs. 15,000 is lent at 16% p.a. compound interest. What is the difference between the compound interest for the second year and the third year?

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