Mathematics · Compound Interest
What will be the compound interest on &inr;6,000 in 2 years at 10% per annum, if the interest is compounded annually?
- 1&inr;1,280
- 2&inr;1,270
- 3&inr;1,250
- 4&inr;1,260✓
Correct answer
&inr;1,260
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