Mathematics · Compound Interest

If the principal amount is Rs. 30,000, the interest rate is 6% per annum compounded annually, and the time period is 2 years, what is the total accumulated amount after 2 years?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 33,702
2Rs. 33,705
3Rs. 33,708✓
4Rs. 33,704

Correct answer

Rs. 33,708

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If the principal amount is Rs. 30,000, the interest rate is 6% per annum compounded annually, and the time period is 2 years, what is the total accumulated amount after 2 years?

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If the principal amount is Rs. 30,000, the interest rate is 6% per annum compounded annually, and the time period is 2 years, what is the total accumulated amount after 2 years?

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