Mathematics · Interest
A sum of money increases by 60% in 6 years at simple interest. What is the compound interest (compounded annually) on ₹14,500 after 2 years at the same interest rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹3,180
- 2₹3,000
- 3₹3,045✓
- 4₹3,144
Correct answer
₹3,045
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