Mathematics · Compound Interest
A sum of ₹3,500 is lent at compound interest at 1% per annum for 2 years. Find the approximate total amount after 2 years, assuming that the interest is compounded annually.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹3,250
- 2₹3,650
- 3₹3,570✓
- 4₹3,955
Correct answer
₹3,570
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