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    Question

    What will be the CI on a sum of Rs.80,000 after 3 years

    at the rate of 10%p.a?  
    A Rs.26680 Correct Answer Incorrect Answer
    B Rs.29800 Correct Answer Incorrect Answer
    C Rs.25640 Correct Answer Incorrect Answer
    D Rs.26480 Correct Answer Incorrect Answer

    Solution

    CI = P[1+ R/100]t -  P CI = 80000[1+ 10/100]3 -  80000 CI = 80000 [ 110/100]3  -  80000 CI = 80000 × (110/100) ×  (110/100) ×  (110/100)  -  80000 = 106480 -  80000   = 26480

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