Mathematics · Compound Interest
If C is the compound interest on Rs. 10,000 for one year at 4% per annum when compounded quarterly, then which one of the following is correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1C > Rs. 500
- 2Rs. 405 < C < Rs. 410
- 3Rs. 100 < C < Rs. 405✓
- 4C < Rs. 100
Correct answer
Rs. 100 < C < Rs. 405
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