Question:
Ankit owes ₹ 42,580 on his credit cards, but he could pay only ₹ 12,580. If the annual rate of compound interest is 10%, then how much will he owe after 4 years?
Ankit owes ₹ 42,580 on his credit cards, but he could pay only ₹ 12,580. If the annual rate of compound interest is 10%, then how much will he owe after 4 years?
Updated On: Mar 12, 2025
- Rs. 42,580
- Rs. 43,000
- Rs. 43,923
- Rs. 44,228
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The Correct Option is C
Solution and Explanation
The correct option is (C):Rs. 43,923
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