Mathematics · Simple and Compound Interest
A certain sum amounts to ₹25,300 in 2 years at 7.5% p.a. simple interest. What will be the compound interest on the same sum for the same period at double the rate, if the interest is compounded 8-monthly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹7,248
- 2₹7,372
- 3₹7,284
- 4₹7,282✓
Correct answer
₹7,282
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