Mathematics · Compound Interest
A sum of Rs. 7500 amounts to Rs. 15000 in two years at compound interest calculated annually. How much will Rs. 7500 become in four years at the same rate of interest?
- 1Rs. 45000
- 2Rs. 50000
- 3Rs. 30000✓
- 4Rs. 60000
Correct answer
Rs. 30000
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