Mathematics · Compound Interest

There is a 20% increase in a principal amount in 4 years at simple interest. What will be the compound interest on Rs. 47,500 after 2 years at the same rate of interest?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

14768.75
24668.75
34868.75✓
44568.75

Correct answer

4868.75

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There is a 20% increase in a principal amount in 4 years at simple interest. What will be the compound interest on Rs. 47,500 after 2 years at the same rate of interest?

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There is a 20% increase in a principal amount in 4 years at simple interest. What will be the compound interest on Rs. 47,500 after 2 years at the same rate of interest?

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