Mathematics · Compound Interest
A certain sum amounts to ₹29,282 at 15% p.a. in 2 years, with interest compounded 8-monthly. What will be the compound interest on the same sum at the same rate and for the same time period, if the interest is compounded yearly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹7,417.50
- 2₹7,095✓
- 3₹6,772.50
- 4₹6,450
Correct answer
₹7,095
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