Mathematics · Compound Interest
The simple interest on a certain sum for 2 years is Rs. 12,000. If the sum itself is Rs. 12,000, then what will be the compound interest (compounding annually) on the same sum at the same rate of interest for 3 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 22,750
- 2Rs. 28,500✓
- 3Rs. 29,300
- 4Rs. 29,250
Correct answer
Rs. 28,500
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