Mathematics · Compound Interest
Ashok invested ₹18,000 in a post office for 3 years at 5% compound interest. If the interest is compounded once a year, how much total amount will he receive after 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 20,837.25✓
- 2Rs. 22,629.75
- 3Rs. 21,926.00
- 4Rs. 22,961.50
Correct answer
Rs. 20,837.25
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