Mathematics · Compound Interest

There is a 60% increase in an amount in 4 years at simple interest. What will be the compound interest on ₹46,500 after 2 years at the same rate of interest?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹13,996.25✓
2₹14,996.25
3₹11,996.25
4₹12,996.25

Correct answer

₹13,996.25

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There is a 60% increase in an amount in 4 years at simple interest. What will be the compound interest on ₹46,500 after 2 years at the same rate of interest?

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There is a 60% increase in an amount in 4 years at simple interest. What will be the compound interest on ₹46,500 after 2 years at the same rate of interest?

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