Mathematics · Compound Interest
A sum of ₹49,000 deposited at a certain rate of compound interest, compounded annually, becomes 4 times itself after 5 years. How much will it become after 15 years at the same rate of compound interest?
- 1₹31,36,000✓
- 2₹31,37,000
- 3₹31,35,000
- 4₹31,38,000
Correct answer
₹31,36,000
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