Mathematics · Compound Interest
A vendor lends Rs. 74,000 at a rate of 12% compound interest per annum, compounded annually. Find the interest earned specifically for the 3rd year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,000.00
- 2Rs. 11,139.07✓
- 3Rs. 11,000.50
- 4Rs. 10,000.90
Correct answer
Rs. 11,139.07
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