Mathematics · Compound Interest
A man invests ₹5,000 for 3 years at compound interest. After one year, the money amounts to ₹5,450. What will be the amount (to the nearest rupee) due at the end of 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹6,970
- 2₹7,405
- 3₹5,575
- 4₹6,475✓
Correct answer
₹6,475
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