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Compound Interest · Discussion forum

General Questions Question 18 – answer, explanation & discussion

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Question 18 Back to Exercise
The principal that amounts to ₹ 4913 in 3 years at 6.25% per annum compound interest compounded annually is:

  • A ₹ 3096
  • B ₹ 4076
  • C ₹ 4085
  • D ₹ 4096 Correct
Correct Answer: Option D

Principal (₹)
= ₹ [ 4913 x ( 1 + 25 ) 3 ]
4 x 100
= ₹ ( 4913 x 16 x 16 x 16 )
17 17 17
= ₹ 4096

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