Mathematics · Compound Interest
The compound interest obtained on Rs. 6,250 for two years at the rate of interest 8% per annum, compounded annually, will be:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,020
- 2Rs. 1,450
- 3Rs. 1,500
- 4Rs. 1,040✓
Correct answer
Rs. 1,040
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