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Discussion

At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?

  • A.Rs.6620
  • B.Rs.6500
  • C.Rs.6800
  • D.Rs.6400

Answer: A

A = 20000(11/10)⊃3;

    = 26620

    = 20000

      ----------

      6620

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