Mathematics · Compound Interest
Salil invested ₹57,000 in a bank. Find the compound interest (in ₹) he will receive in two years, compounded annually, if the rate of interest for the first year is 6% per annum and for the second year is 4% per annum more than the first year.
- 19,462✓
- 29,112
- 39,712
- 49,262
Correct answer
9,462
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