Calculate the compound interest on Rs 16100 at 7 percent per annum for 3 years

A3423.19

B3623.19

C3123.19

D4023.19

Answer

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3123.19

CI = P((1+R/100)^T - 1) = 3623.19

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Calculate the compound interest on Rs 16100 at 7 percent per annum for 3 years

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