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A sum of ₹15,000 is lent at the rate of 15% per annum compound interest, compounded annually for two years. What is the interest received (in ₹) after two years?
4,738.25
4,973.75
5,137.25
4,837.50
4,837.50
Practice and solve "A sum of ₹15,000 is lent at the rate of 15% per annum compound interest, compounded annually for two..." for Mathematics - Previous Year Paper 2024. The correct answer is Option D: 4,837.50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "A sum of ₹15,000 is lent at the rate of 15% per annum compound interest, compounded annually for two..." for Mathematics - Previous Year Paper 2024. The correct answer is Option D: 4,837.50. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.