Mathematics · Compound Interest
A person invests ₹30,000 for 5 years at a certain rate of interest compounded annually. At the end of 1 year, the sum amounts to ₹34,200. Find the total amount at the end of the second year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹44,365
- 2₹45,432
- 3₹39,876
- 4₹38,988✓
Correct answer
₹38,988
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