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The amount on a sum of ₹5,000 at 18% per annum compound interest, compounded annually, in 2 years will be:
₹7,068
₹6,962
₹7,015
₹6,984
₹6,962
Practice and solve "The amount on a sum of ₹5,000 at 18% per annum compound interest, compounded annually, in 2 years wi..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: ₹6,962. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The amount on a sum of ₹5,000 at 18% per annum compound interest, compounded annually, in 2 years wi..." for Mathematics - Previous Year Paper 2024. The correct answer is Option B: ₹6,962. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.