A sum of ₹ 100 invested for 3 years at a rate of 20% per annum compounded annually, the principal for the second year is ₹ _______

₹ 120

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₹ 110

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₹ 115

No worries! We‘ve got your back. Try BYJU‘S free classes today!

₹ 20

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Solution

The correct option is A
₹ 120

₹ 20

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A sum of ₹ 100 invested for 3 years at a rate of 20% per annum compounded annually, the principal for the second year is ₹ _______

The correct option is A ₹ 120 ₹ 20

The correct option is A
₹ 120

₹ 20