Compound Interest Practice Test 1

Question : 13 of 40

Marks: +1, -0

What would be the compound interest on Rs. 3200 at 25% per annum for 3 years?

Solution:

Compound interest

=3200[(1+25/100)^3-1]

=3200[(5/4)^3-1]

=3200×61/64=3050

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