Mathematics · Compound Interest
Mariya borrowed ₹16,000 from Joseph at a 5% annual compound interest rate. What total amount will she have to pay back at the end of 2 years and 4 months?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹17,943
- 2₹18,228
- 3₹17,934✓
- 4₹17,640
Correct answer
₹17,934
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