Q. The compound interest on Rs. 2000 in 2 years if the rate of interest is 4% per annum for the first year and 3% per annum for the second year, will be
Answer: Rs. 142.40
Notes: $latex Amount = 2000\left ( 1+\frac{4}{100} \right )\left ( 1+\frac{3}{100} \right )&s=1$ $latex =>2000\times 1.04\times 1.03$ $latex =>Rs. 2142.40$ $latex \therefore CI = Rs. (2142.40 - 2000)$ $latex => Rs. 142.40$ Hence option [D] is the right ansewr.

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