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ibps-so 2019 · Question 122 of 300

A depositor at the branch has closed a recurring deposit and has placed the proceeds of it in a term deposit for a xed period. A sum of ₹18,000 is placed at compound interest at 10 per cent per annum, the interest being compounded once a year. What is the compound interest earned upon the sum at the end of two years?

  1. A₹3,780Correct
  2. B₹3,600
  3. C₹3,960
  4. D₹4,140
  5. E₹3,420

Answer: A. ₹3,780

Official answer key verified. Detailed explanation coming soon.

Source: IBPS SO Prelims Memory Based 2019 (held 28 Dec 2019, Shift 1) - Prepp · memory-based

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