Mathematics · Compound Interest
A certain sum amounts to ₹23,958 in 2 years at 15% p.a., when the interest is compounded 8-monthly. What will be the amount of the same sum for the same time at 12% p.a., if the interest is compounded yearly (nearest to ₹1)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹22,579✓
- 2₹21,780
- 3₹22,680
- 4₹21,958
Correct answer
₹22,579
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