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The compound interest on ₹ 5,000 for 3 years at 10% p. a. will amount to
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- ₹ 1,654
- ₹ 1,655
- ₹ 1,600
- ₹ 1,565
Correct Option: B
Here , Compound Interest ( CI ) = ? , P = ₹ 5,000 , Rate ( R ) = 10% , Time = 3 years
C.I. = P | ![]() | ![]() | 1 + | ![]() | T | − 1 | ![]() | |
100 |
C.I. = 5000 | ![]() | ![]() | 1 + | ![]() | 3 | − 1 | ![]() | |
100 |
C.I. = 5000 | ![]() | ![]() | ![]() | 3 | − 1 | ![]() | |
10 |
C.I. = 5000 | ![]() | − 1 | ![]() | ||
1000 |
C.I. = 5000 | ![]() | ![]() | |||
1000 |
C.I. = | = ₹ 1655 | |
1000 |