Mathematics · Interest
There is a 70% increase in a principal amount in 7 years at simple interest. What will be the compound interest on ₹8,000 after 3 years at the same rate of interest?
- 1₹2,640
- 2₹2,548
- 3₹2,654
- 4₹2,648✓
Correct answer
₹2,648
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