Mathematics · Compound Interest
What will be the compound interest (compounding annually) on a principal sum of Rs. 72,000 for 3 years at the rate of 16% per annum?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 36,574.31
- 2Rs. 40,384.51✓
- 3Rs. 42,248.64
- 4Rs. 38,245.22
Correct answer
Rs. 40,384.51
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