Mathematics · Compound Interest
If the compound interest on a sum of ₹y at 8% per annum compounded annually for 2 years is ₹312, then the total amount payable (principal + interest) at the end of the two-year period will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,187✓
- 2₹1,975
- 3₹2,504
- 4₹2,116
Correct answer
₹2,187
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