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What is the compound interest on (compounding annually) Rs. 14400 at the rate of 10 percent for 3 years?

3411Medium DSSSB TGT Computer Science 0 replies 3 views
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What is the compound interest on (compounding annually) Rs. 14400 at the rate of 10 percent for 3 years?

  • ARs. 4214.8
  • BRs. 4712.6
  • CRs. 4812.6
  • DRs. 4766.4
Correct answer: D

Explanation

Amount = 14400 × (1.1)³ = 14400 × 1.331 = 19166.4. Compound interest = 19166.4 − 14400 = Rs. 4766.4.
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