Mathematics · Compound Interest
The compound interest on a certain sum for 16 months at 12% p.a. is ₹3,494.40, with interest being compounded 8-monthly. What will be the amount (in ₹) of the same sum at the same rate for 2 years, when the interest is compounded yearly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 126342.40✓
- 229432.60
- 322634.20
- 424362.80
Correct answer
26342.40
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