Mathematics · Compound Interest
The compound interest on a sum of money for 2 years at 15% annual interest, compounded every 8 months, is ₹5,958. If the interest is compounded annually, how much will the same sum amount to (in ₹) in the same time at the same interest rate?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 123,805✓
- 224,904
- 322,908
- 425,200
Correct answer
23,805
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