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SP Yadav

· started a discussion

· 1 Months ago

c (Question: 109950.0 )

4641

Question:
Find compound interest on \(\unicode{x20B9} \)10000 at 10% p.a. for 4 years, if interest is compounded annually:
Options:
A) Rs. 4000
B) Rs.4400
C) Rs.4641
D) Rs.5200
Solution:
Ans: (c) Amount \(\unicode{x20B9} 10000\times\left ( \cfrac {11}{10} \right )^4=14641 \)

Compound interest = \(\unicode{x20B9} \)14641 - \(\unicode{x20B9} \)10000 = \(\unicode{x20B9} \)4641

Knowledge Expert

· commented

· 1 Months ago

Dear student,
Given answer is correct.
Keep learning,
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