Mathematics · Compound Interest

The compound interest earned in 1 year on ₹40,000 at the rate of 40% per annum, compounded quarterly, is:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹18,564✓
2₹18,264
3₹28,264
4₹28,564

Correct answer

₹18,564

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The compound interest earned in 1 year on ₹40,000 at the rate of 40% per annum, compounded quarterly, is:

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The compound interest earned in 1 year on ₹40,000 at the rate of 40% per annum, compounded quarterly, is:

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