Mathematics · Compound Interest
A person invests ₹50,000 at 10% p.a. compounded annually for 3 years. He then reinvests the total amount for 2 more years at 12% p.a. compounded annually. What is the total compound interest earned at the end of 5 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹35,000.00
- 2₹33,403.28
- 3₹33,498.32
- 4₹33,480.32✓
Correct answer
₹33,480.32
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