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Finding CI When Rate Compounded Anually or Semi - Anually

Calculate the...

Question

Calculate the compound interest for second year on Rs.8,000 invested for 3 years at 10% p.a.

A

881

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B

879

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C

880

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D

800

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E

888

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Solution

The correct option is C
880

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Calculate the compound interest for the second year on Rs. 8,000/- invested for 3 years at 10% per annum.

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