Mathematics · Compound Interest
If the compound interest on a sum of Rs. y at 4% per annum compounded annually for 2 years is Rs. 612, then what will be the total amount payable at the end of the two-year period?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 7,812
- 2Rs. 8,002
- 3Rs. 8,262
- 4Rs. 8,112✓
Correct answer
Rs. 8,112
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