Mathematics · Compound Interest
An amount becomes Rs. 3600 in 2 years and Rs. 4320 in 3 years under a scheme of compound interest (compounding annually). If double the original amount is invested in the same scheme for 3 years, what will be the amount obtained at the end of 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 8240
- 2Rs. 8640✓
- 3Rs. 8540
- 4Rs. 8700
Correct answer
Rs. 8640
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