Mathematics · Simple Interest
A person deposited ₹15,600 in a fixed deposit at 10% per annum simple interest. After every second year, he adds his interest earned to the principal. The total interest earned at the end of 4 years is:
- 1₹3,744
- 2₹3,975
- 3₹6,864✓
- 4₹6,655
Correct answer
₹6,864
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