Mathematics · Compound Interest
Find the sum of money which when given on compound interest of 20% per annum fetches ₹ 155.0625 more when the interest is payable quarterly than when it is payable annually for 1 year.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 24,000
- 2₹ 10,000✓
- 3₹ 12,000
- 4₹ 20,000
Correct answer
₹ 10,000
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