Mathematics · Compound Interest
A certain sum of money is lent for 4 years at 10% per annum interest, compounded annually. If the interest in the third year is ₹242 more than the interest in the second year, what will be the total compound interest after four years? (Rounded to the nearest rupee)
- 1₹2,892
- 2₹2,829
- 3₹2,982
- 4₹2,928✓
Correct answer
₹2,928
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