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  4. |Calculate the compound interest on Rs 20700 at 9 percent per annum for 3 years
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QQuestion DetailMCQ

Calculate the compound interest on Rs 20700 at 9 percent per annum for 3 years

A6307.1
B6607.1
C6107.1
D5607.1

Answer

5607.1

CI = P((1+R/100)^T - 1) = 6107.1

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