Mathematics · Compound Interest
Sachin invested ₹57,500 in a bank. In two years how much compound interest (in ₹) will he get, considering annual compounding, if the rate of interest for the first year was 4% per annum and the rate for the second year was 4% per annum more than the first year?
- 16,734
- 27,084✓
- 36,884
- 47,334
Correct answer
7,084
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