Mathematics · Compound Interest
Shenoy borrowed Rs. 4,50,000 at 5% per annum compounded annually. What is the total amount he has to pay at the end of 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,82,725
- 2Rs. 4,65,000
- 3Rs. 4,75,000
- 4Rs. 4,96,125✓
Correct answer
Rs. 4,96,125
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