Mathematics · Compound Interest
What is the compound interest on Rs. 5600 for 2 years at a rate of 6% per annum, compounded annually?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 694.48
- 2Rs. 684.56
- 3Rs. 692.16✓
- 4Rs. 688.24
Correct answer
Rs. 692.16
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