IDNLearn.com offers a user-friendly platform for finding and sharing knowledge. Get timely and accurate answers to your questions from our dedicated community of experts who are here to help you.
Answer:
1st year interest = 6000, 2nd year interest = 12000
Step-by-step explanation:
Rs 40,000
15% of 40,000 = 6000
year 1 = +Rs 6000
year 2 = +Rs 6000 x 2 = 12000