Mathematics · Compound Interest
When interest is compounded half-yearly, a certain sum becomes ₹13,230 in one year at a 10% annual interest rate. What will be the compound interest on the same sum in 3 years, compounded annually at the same interest rate?
- 1₹3,974
- 2₹3,792
- 3₹3,972✓
- 4₹3,729
Correct answer
₹3,972
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