Mathematics · Compound Interest
Ravi invested ₹6,000 at 10% per annum interest for 2 years. If the interest is compounded annually, how much total amount will Ravi receive?
- 1₹7,260✓
- 2₹6,420
- 3₹6,260
- 4₹7,460
Correct answer
₹7,260
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