Mathematics · Compound Interest
If an amount of ₹3,500 is invested at 5% per annum compound interest (compounded annually), what is the time period required for the compound interest to amount to ₹358.75?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 115 months
- 218 months
- 320 months
- 424 months✓
Correct answer
24 months
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