Mathematics · Compound Interest
The compound interest on a certain sum at a 12% annual rate of interest compounded annually after two years is Rs. 12,720. What will be the compound interest on the same sum at a 16% annual rate of interest compounded annually after three years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 28,044.8✓
- 2Rs. 26,828.6
- 3Rs. 30,125.2
- 4Rs. 24,620.4
Correct answer
Rs. 28,044.8
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