Mathematics · Compound Interest
A merchant invested 37 12% of a sum at 10% compound interest compounded annually for 3 years and the remaining ₹6,000 at 20% compound interest compounded annually for 2 years. Find the total interest received by the merchant.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹5,124.0
- 2₹13,431.6
- 3₹3,480.0
- 4₹3,831.6✓
Correct answer
₹3,831.6
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