Mathematics · Compound Interest

What is the compound interest on ₹62,500 for 2 years at 8% per annum compounded yearly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹10,500
2₹10,300
3₹10,400✓
4₹10,600

Correct answer

₹10,400

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What is the compound interest on ₹62,500 for 2 years at 8% per annum compounded yearly?

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