Mathematics · Compound Interest
Rita invested ₹50,000 in a bank. In two years how much compound interest will she get, if the first-year rate of interest was 10% and in the second year it was 4% more than the first year?
- 1₹12,700✓
- 2₹12,690
- 3₹12,710
- 4₹12,720
Correct answer
₹12,700
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