Mathematics · Compound Interest
A certain sum amounts to ₹ 29,282 in 4 years at 10% p.a. when the interest is compounded yearly. What is the simple interest (in ₹) on the same sum for 5 years at the same rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 19,000
- 27,000
- 311,500
- 410,000✓
Correct answer
10,000
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