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?

• A. Rs. 42,580
• B. Rs. 43,000
• C. Rs. 43,923
• D. Rs. 44,228

Answer 1

Answer: (C)

Rs. 43,923

Answer 2

The correct option is (C):Rs. 43,923