Mathematics · Compound Interest
A sum of Rs. 3,000 becomes Rs. 4,320 in 2 years at a certain rate of compound interest (compounding annually). How much will this sum become after 4 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 5,128.5
- 2Rs. 6,516.8
- 3Rs. 6,220.8✓
- 4Rs. 7,568.5
Correct answer
Rs. 6,220.8
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