Mathematics · Compound Interest
Mukund deposited ₹57,000 in a bank. With annual compounding, how much compound interest (in ₹) will he earn in 2 years if the interest rate is 10% per annum in the first year and increases by 3% per annum in the second year?
- 114101
- 213501
- 313851✓
- 413651
Correct answer
13851
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