Mathematics · Compound Interest
A certain sum is invested on compound interest at 18% per annum for 1 year 4 months, the interest being compounded 8-monthly. If the compound interest is Rs. 3,816, then find the sum (in Rs.).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 115,500
- 214,580
- 314,800
- 415,000✓
Correct answer
15,000
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