Mr. Kaul deposits a fixed amount of money for a 5 year period. Some details of the account [Interest compounded annually) are given below. Principal on which interest is computed for the first year: 240000 Interest earned for the first year: 2000 interest earned for the second year: 2100 Interest earned for the third year 2205 The amount (Principal) on which the interest for the fourth year will be calculated is: (a) 2.205 (b) 40,000 (c) 46,305 (d) 46,615
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