Mathematics · Compound Interest
What is the compound interest accrued on ₹25,000 for two successive years compounded annually, if the rate of interest is 12% p.a. for the first year and 18% p.a. for the second year?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹ 15,400
- 2₹ 8,040✓
- 3₹ 9,024
- 4₹ 17,500
Correct answer
₹ 8,040
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