Mathematics · Compound Interest
The compound interest paid when a sum of ₹20,000 is invested for 1 year 4 months at 1 2 % compound interest per annum, compounded annually, is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,185.75
- 2₹2,171.25
- 3₹2,210.40
- 4₹2,037.50✓
Correct answer
₹2,037.50
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