Mathematics · Compound Interest
A sum of Rs. 80,000 is invested at compound interest at 40% per annum, compounded quarterly. What will be the interest after one year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 40,284
- 2Rs. 39,654
- 3Rs. 34,578
- 4Rs. 37,128✓
Correct answer
Rs. 37,128
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