Mathematics · Compound Interest
A sum of ₹44,000 deposited at a certain rate of compound interest, compounded annually, becomes 2 times itself after 7 years. How much will it become after 21 years at the same rate of compound interest?
- 1₹3,53,000
- 2₹3,52,000✓
- 3₹3,55,000
- 4₹3,54,000
Correct answer
₹3,52,000
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