Mathematics · Simple Interest
Raju deposited Rs. 7,800 in a fixed deposit which earns him 10% simple interest per annum. After every second year, he converts his interest earnings into deposits. How much interest will he earn in the fourth year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 936✓
- 2Rs. 3,432
- 3Rs. 780
- 4Rs. 1,038
Correct answer
Rs. 936
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