Mathematics · Compound Interest

A sum of ₹12500 earns interest at 8% per annum compounded annually. Find the interest earned specifically in the second year.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹1080✓
2₹80
3₹1000
4₹2080

Correct answer

₹1080

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A sum of ₹12500 earns interest at 8% per annum compounded annually. Find the interest earned specifically in the second year.

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A sum of ₹12500 earns interest at 8% per annum compounded annually. Find the interest earned specifically in the second year.

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