Mathematics · Compound Interest

A scheme offers interest at the rate of 36.5% per annum, compounded daily. Manoj invested a certain sum during a non-leap year and the total amount payable to him exactly two days after the investment was ₹5,000,000. Which of the options given below is closest to the amount invested by Manoj, rounded off to the nearest rupee?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹4,990,015✓
2₹4,990,125
3₹4,990,025
4₹4,990,105

Correct answer

₹4,990,015

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