Mathematics · Compound Interest
The simple interest on a sum of money at 10% per annum for 2 years is ₹5,400. 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₹5,650
- 2₹5,670✓
- 3₹5,680
- 4₹5,700
Correct answer
₹5,670
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