Mathematics · Compound Interest
If the compound interest received on a certain sum in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs.) for the 4th year on the same sum at a 9% annual rate of interest?
- 11351.6✓
- 21341.6
- 31521.6
- 41245.6
Correct answer
1351.6
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