Mathematics · Compound Interest
A sum of ₹7000 is lent at compound interest at a rate of 18% per annum (compounded every 4 months). What will be the compound interest for 8 months?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹855.05
- 2₹842.25
- 3₹870.40
- 4₹865.20✓
Correct answer
₹865.20
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