DSSSB · Mathematics

A person invests ₹40,000 in a fintech savings scheme that offers compound interest at the rate of 5% per annum, where the interest is compounded annually. If the total amount received at the end of 3 years is ₹ 46,305, then what is the total interest earned (in ₹) on the investment?

  1. 6,400
  2. 6,305
  3. 6,100
  4. 6,500
Answer and detailed solution are available in the protected study screen.
Register or login to attempt