Mathematics · Compound Interest
A person invests a certain amount at a compound interest rate of 12.5% per annum, compounded annually. If the difference between the simple interest and compound interest for 2 years is Rs. 2,800, find the compound interest earned in the 3rd year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 28,100
- 2Rs. 28,350✓
- 3Rs. 27,350
- 4Rs. 27,150
Correct answer
Rs. 28,350
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