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Tick the correct answer in each of the following: A sum of Rs 25000 was given as loan on compound interest for 3 years compounded annually at 5% per annum during the first year, 6% per annum during the second year and 8% per annum during the third year. The compound interest is (a) Rs 5035 (b) Rs 5051 (c) Rs 5072 (d) Rs 5150 |
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Answer» Tick the correct answer in each of the following: A sum of Rs 25000 was given as loan on compound interest for 3 years compounded annually at 5% per annum during the first year, 6% per annum during the second year and 8% per annum during the third year. The compound interest is (a) Rs 5035 (b) Rs 5051 (c) Rs 5072 (d) Rs 5150 |
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