Mathematics · Compound Interest
A principal of Rs. 30,000 is borrowed at compound interest (compounded annually) at the rate of 7% per annum. What will be the total amount after 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 34,347✓
- 2Rs. 33,248
- 3Rs. 35,687
- 4Rs. 31,247
Correct answer
Rs. 34,347
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