Mathematics · Simple Interest
A man deposited ₹10,000 at simple interest in a fund. The interest rate on the fund increases by 4% every year. If the initial interest rate at the time of deposit was 8%, what is the total interest earned (in ₹) by him after 5 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 18,000✓
- 25,800
- 38,400
- 46,000
Correct answer
8,000
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