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Multiple Choice Question

If a sum of ₹2,000 is invested at an interest rate of 6% per annum compounded annually for 3 years, what will be the amount after 3 years?

  • A
    ₹2,120
  • B
    ₹2,382.03
  • C
    ₹2,000
  • D
    ₹2,500
Explanation:
The final amount is calculated using the compound interest formula A = P(1 + R/100)^T

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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