1.

What will be the compound interest on an amount of Rs 46875 for a period of 3 years at 4% p.a. ?

Answer»

RS. 5853



Amount = 46875 (1 + 4/100)3
= 46875 X 26/25 x 26/25 x 26/25 = 52728
Therefore, CI = 52728 - 46875 = 5853



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