Mathematics · Compound Interest
The compound interest on a sum of Rs. 75,000 compounded annually in 2 years is Rs. 6,120. If the interest is compounded quarterly at the same annual rate, what will be the total amount received after one year on a principal sum of Rs. 1,00,000 (in Rs., up to two places of decimal)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 11,40,060.50
- 21,06,040.20
- 31,00,400.60
- 41,04,060.40✓
Correct answer
1,04,060.40
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