Mathematics · Simple and Compound Interest
The simple interest received from a government bond after 2 years at 15% per annum is ₹9000. What will be the interest amount received from the same bond for the same duration and rate if interest is compounded annually?
- 1₹9675✓
- 2₹39675
- 3₹10350
- 4₹9000
Correct answer
₹9675
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