Mathematics · Compound Interest
A sum of Rs. 2,700 amounts to Rs. 8,100 in 4 years at a certain rate of compound interest (compounding annually). How much will this sum amount to after 16 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 2,87,100
- 2Rs. 2,18,700✓
- 3Rs. 1,52,760
- 4Rs. 1,28,760
Correct answer
Rs. 2,18,700
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