Mathematics · Compound Interest
Rajeev invested Rs. 'x' in a scheme offering 12% compound interest per annum for 2 years, compounded annually. Find the value of 'x' if the interest earned by him is Rs. 3816.
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,000
- 2Rs. 13,000
- 3Rs. 14,000
- 4Rs. 15,000✓
Correct answer
Rs. 15,000
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