Mathematics · Compound Interest
At a 5% per annum rate of compound interest compounded annually, what will an amount of Rs. 4,000 become after 24 months?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,410✓
- 2Rs. 4,400
- 3Rs. 4,210
- 4Rs. 4,100
Correct answer
Rs. 4,410
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