Compound Interest Practice Test 4

Question : 27 of 40

Marks: +1, -0

What would be the compound interest obtained on an amount of Rs. 7800 at the rate of 5% p.a. after3 years?

Solution:

C.I.=7800[(1+5/100)^3-1]

=7800[9261/8000-1]

=7800×1261/8000=1229.475

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