Mathematics · Compound Interest
What is the compound interest on a sum of ₹16,000 for 3 years at 5% per annum, compounded annually?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹2,524
- 2₹2,522✓
- 3₹2,520
- 4₹2,518
Correct answer
₹2,522
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