Mathematics · Compound Interest
A sum of ₹21,000 is lent at a compound interest rate of 5% per annum, compounded annually, for 4 years. Find the total amount (approximately) at the end of 4 years.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹25,526✓
- 2₹22,556
- 3₹28,826
- 4₹29,926
Correct answer
₹25,526
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