Mathematics · Compound Interest
The compound interest on a sum of Rs. 92,670 at 15% per annum for 1 year, when interest is compounded every four months (four-monthly), is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1,500.00
- 2Rs. 14,607.10✓
- 3Rs. 1,380.67
- 4Rs. 15,09.09
Correct answer
Rs. 14,607.10
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