Mathematics · Compound Interest
If interest is compounded annually at 10% per annum, what would be the total amount payable on maturity when a sum of Rs. 5,700 is invested for a period of two years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 6,987
- 2Rs. 6,997
- 3Rs. 6,897✓
- 4Rs. 6,887
Correct answer
Rs. 6,897
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