Mathematics · Compound Interest
A lender lends Rs 72,000 at a rate of 12% compound interest per annum, compounded annually. Find the interest earned specifically for the 3rd year (approximate value).
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs 10,500
- 2Rs 10,838✓
- 3Rs 10,818
- 4Rs 10,850
Correct answer
Rs 10,838
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