Mathematics · Compound Interest
Find the compound interest, compounding annually, on ₹22,500 in 2 years, if the rate of interest is 5% for the first year and 8% for the second year.
- 1₹3,115
- 2₹3,315
- 3₹3,215
- 4₹3,015✓
Correct answer
₹3,015
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