Mathematics · Compound Interest
If Rs. 12,500 is invested at 12% p.a. on compound interest for one year and 4 months, compounded annually, then the amount received is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 16,450
- 2Rs. 15,460
- 3Rs. 14,560✓
- 4Rs. 14,650
Correct answer
Rs. 14,560
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