A person receives a simple interest of ₹1000 on a principal amount at 5% per annum for a period of 4 years. Find the compound interest that would be e...
Question
A person receives a simple interest of ₹1000 on a principal amount at 5% per annum for a period of 4 years. Find the compound interest that would be earned on double the original principal amount over a 2-year period at the same rate of interest.