I point
Q6)The compound interest on
Rs.10,000 at5%pa.for 3 years is
Rs. *
O A) 1500
O B)1600
O C3140

1 thought on “I point<br />Q6)The compound interest on<br />Rs.10,000 at5%pa.for 3 years is<br />Rs. *<br />O A) 1500<br />O B)1600<br />O C3140”

1. Answer:

   D (1576.25)

   Step-by-step explanation:

   10000+I = 10000(1+5÷100)^3

   OR, 10000+I = 10000(105÷100)^3

   OR, 10000+I = 10000×1.05×1.05×1.05

   OR, 10000+I = 11576.25

   OR, I = 11576.25-10000

   OR, I = 1576.25

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