Mathematics · Interest
A certain sum amounts to ₹12,780 in 3.5 years at 12% p.a. simple interest. What is the compound interest on the same sum in 2.5 years at the same rate, if the interest is compounded 10-monthly?
- 1₹2,979✓
- 2₹2,764
- 3₹2,899
- 4₹2,700
Correct answer
₹2,979
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