Mathematics · Compound Interest

What will be the compound interest earned on ₹40,000 in 1 year at 40% p.a., compounded quarterly?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹28,564
2₹18,564✓
3₹28,264
4₹18,264

Correct answer

₹18,564

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What will be the compound interest earned on ₹40,000 in 1 year at 40% p.a., compounded quarterly?

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