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Compound Interest

Important Instructions

101.

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

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6620

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