What is the compound interest on ₹15,625 for 3 years at 8% per annum, compounded annually?
A. ₹19,683
B. ₹4,000
C. ₹4,058
D. ₹3,750
1 answer
Best answer
Answer: C. ₹4,058
Answer: (C) ₹4,058
Amount \(= 15625 \times \left(\frac{27}{25}\right)^3 = 15625 \times \frac{19683}{15625} = 19683\). CI \(= 19683 - 15625 = 4058\). (₹3,750 is the simple interest; ₹19,683 is the amount.)
Doubtly AI
· 27 Oct 2026
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