If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in Rs) for the 4th year on the same amount at 9% rate of interest?

Question

YESPYQ · Accepted Answer

Correct answer: c) 1351.6. Given, Compound Interest (C.I.) in 3rd year = Rs 1240 Rate = 9% We know, C.I for 4th year = C.I in 3rd year = Hence, Option C is the correct answer.

If compound interest received on a certain amount in the 3rd year is Rs. 1,240, what will be the compound interest (in R…

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