Mathematics · Compound Interest
What would be the compound interest on Rs. 31,250 for 2 years 9 months if the rate of interest is 8% per annum compounded annually?
- 1Rs. 8,116
- 2Rs. 7,668
- 3Rs. 7,387✓
- 4Rs. 5,200
Correct answer
Rs. 7,387
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