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compounded yearly.Find compound interest on ₹ 10,000 for 3 1 years at 10% per annum, 2
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- ₹ 3675.50
- ₹ 3775.50
- ₹ 3875. 50
- ₹ 3975.50
Correct Option: D
Given in question , Principal ( P ) = ₹ 10,000 , Rate ( r )= 10% , Time = 3.5 years
A = P | ![]() | 1 + | ![]() | 3 | = | ![]() | 1 + | ![]() | ||
100 | 100 |
A = 10,000 | ![]() | 1 + | ![]() | 3 | = | ![]() | 1 + | ![]() | ||
100 | 100 |
A = 10,000 × | × | ||
1000 | 20 |
A = ₹ 13975.5
Compound Interest ( CI ) = Amount ( A ) - Principal ( P )
CI = ₹ (13975.5 – 10,000)
∴ CI = ₹ 3975.5