Mathematics · Interest
The simple interest on a sum of money at 10% per annum for 2 years is ₹2,400. Compounded annually, what would be the compound interest on the same sum for the same period at the same rate of interest?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,520✓
- 2₹2,450
- 3₹2,580
- 4₹2,620
Correct answer
₹2,520
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