Mathematics · Compound Interest
There is a 40% increase in an amount in 4 years at simple interest. What will be the compound interest on ₹15,000 after 3 years at the same rate (compounded annually)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹19,965
- 2₹1,331
- 3₹4,965✓
- 4₹5,000
Correct answer
₹4,965
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