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The amount on a sum of ₹2,800 at the rate of 5% per annum compound interest, compounded annually, in 2 years will be:
₹3,384
₹3,087
₹3,227
₹3,089
₹3,087
Practice and solve "The amount on a sum of ₹2,800 at the rate of 5% per annum compound interest, compounded annually, in..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: ₹3,087. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The amount on a sum of ₹2,800 at the rate of 5% per annum compound interest, compounded annually, in..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: ₹3,087. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.