Mathematics · Compound Interest
An investor deposits ₹20,000 in a scheme offering 6% compound interest per annum compounded annually. After 18 months, he adds ₹10,000 more. Find the total amount at the end of 3 years from the initial deposit.
- 1₹36,250.75
- 2₹35,100.00
- 3₹34,738.32✓
- 4₹33,920.00
Correct answer
₹34,738.32
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