A sum of Rs. 18,000 is lent at 10% p.a. compound interest, compounded annually. – OfficerPath

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MCQ Practice

A sum of Rs. 18,000 is lent at 10% p.a. compound interest, compounded annually. What is the difference between the compound interest for 3 rd year and 4 th year?

Subject: MathematicsTopic: Compound Interest

A

Rs. 215.40

B

Rs. 217.80

C

Rs. 220.60

D

Rs. 221.80

Correct Answer: B

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