At the end of three years what will be the compound interest at the rate of 10%

Question

At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.20000?

Options:

A . Rs.6620

B . Rs.6500

C . Rs.6800

D . Rs.6400

Answer: Option A

A = 20000(11/10)³

= 26620

=
20000

----------

6620

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