Mathematics · Compound Interest
A certain sum amounts to ₹9,036 after 3 years and to ₹11,484 after 7 years at the same rate per cent per annum at simple interest. What will be the compound interest (in ₹, to the nearest ₹) on the same sum for 2 years at double the rate of interest if interest is compounded annually?
- 12764
- 22255
- 33123
- 42656✓
Correct answer
2656
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