Mathematics · Compound Interest
Rs. 7205 is invested in a compound interest scheme (compounding annually). If the rate of interest is 20% per annum, then what is the interest earned (in Rs.) in 1 year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1544
- 2Rs. 1441✓
- 3Rs. 1540
- 4Rs. 1422
Correct answer
Rs. 1441
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