Calculate the compound interest on Rs 16600 at 8 percent per annum for 3 years

A4711.22

B4611.22

C4311.22

D4111.22

Answer

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4111.22

CI = P((1+R/100)^T - 1) = 4311.22

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Calculate the compound interest on Rs 16600 at 8 percent per annum for 3 years

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