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6.Interest
medium
The compound interest on ₹ $4000$ for $4$ years at $10 \%$ per annum will be (In ₹)
A
$1856.40$
B
$1600$
C
$1856$
D
$1756.60$
Solution
(a) $p=4000, n=4, r=10 \%$
$\begin{aligned} C.I &= P \left[1+\frac{ r }{100}\right]^{ n }- P \\ &=4000\left[1+\frac{10}{100}\right]^{4}-4000 \\ &=5856.40-4000 \\ C.I &=1856.40 Rs \end{aligned}$
Standard 13
Quantitative Aptitude
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