Mathematics · Compound Interest
What is the approximate compound interest on Rs. 60,000 for 1 year at 8% per annum, compounded quarterly?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 4,946✓
- 2Rs. 4,800
- 3Rs. 4,122
- 4Rs. 4,208
Correct answer
Rs. 4,946
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