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Compound Interest Practice Test 1
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© examsnet.com
Question : 2
Total: 40
Find the CI on Rs 6,252 at 10% p.a. for 4years compounded annually.
Rs 2,880
Rs 2,975
Rs 2,793
Rs 2,901
Rs 3,000
Validate
Solution:
👈: Video Solution
C
I
=
6252
(
1
+
10
100
)
4
−
6252
=
6252
×
11
10
×
11
10
×
11
10
×
11
10
−
6252
=
9
,
153.55
−
6
,
252
≈
2
,
901
© examsnet.com
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