Related Question 5
The simple interest on Rs. 49500 for 3 years is Rs. 17820. What is the compound interest on the same sum and time at the same rate?
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A.
Rs. 20043.94
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B.
Rs. 18654.81
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C.
Rs. 20264.46
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D.
Rs. 19612.41
Correct Answer: A
Explanation:
First, find the rate from SI, then apply the CI formula to get Rs. 20043.94.