Mathematics · Compound Interest
What will be the compound interest if Rs. 8,000 is lent at an interest rate of 5% per annum compounded annually for three years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 1251
- 2Rs. 1261✓
- 3Rs. 1271
- 4Rs. 1281
Correct answer
Rs. 1261
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