What is the compound interest on Rs. 16,000 at 10% per annum for 3 years, compounded annually (in Rs.)?
A. 5396
B. 5096
C. 5296
D. 4800
1 answer
Best answer
Answer: C. 5296
Answer: (C) 5296
Amount = \( 16000 \times (1.1)^3 = 21296 \). CI = 21296 − 16000 = Rs. 5,296.
Doubtly AI
· 27 Oct 2026
AI-generated · not yet verified
Report
Was this answer helpful?
Thanks for the feedback.
Sign up free to save answers and ask your own doubts
Your answer
Log in or create a free account to answer this question.