Mathematics · Interest

¦10,000 is lent at a compound interest rate of 4% per annum for 3 years, compounded annually. Find the amount after 3 years. (Round off your answer to the nearest rupee.)

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1¦11,249✓
2¦12,249
3¦12,769
4¦13,339

Correct answer

¦11,249

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¦10,000 is lent at a compound interest rate of 4% per annum for 3 years, compounded annually. Find the amount after 3 years. (Round off your answer to the nearest rupee.)

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¦10,000 is lent at a compound interest rate of 4% per annum for 3 years, compounded annually. Find the amount after 3 years. (Round off your answer to the nearest rupee.)

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