Mathematics · Compound Interest
Sachin invested ₹58,000 in a bank. How much compound interest (in ₹) will he get in two years, considering annual compounding, if in the first year the rate of interest was 6% per annum, and in the second year, it was 4% per annum more than that in the first year?
- 19,428
- 29,878
- 39,628✓
- 49,278
Correct answer
9,628
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