Mathematics · Compound Interest
A sum amounts to ₹98,494 in 2 years at 15% per annum when interest is compounded 8-monthly. What will be the amount payable (in ₹) on the same sum, at the same rate, and for the same period if the interest is compounded annually?
- 196785
- 297685
- 397865✓
- 496578
Correct answer
97865
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