Mathematics · Compound Interest
Atul invested ₹59,000 in a bank. In two years how much compound interest (in ₹) will he get considering annual compounding, if the first year rate of interest was 4% per annum and the second year had 1% per annum more than the first year?
- 15,428✓
- 25,678
- 35,228
- 45,078
Correct answer
5,428
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