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      Question

      Ankit deposits a sum of money at an annual compound

      interest rate of 12%. Over a period of 3 years, the interest accumulated amounts to Rs. 864. If he increases his initial investment by Rs. 800, what will be the total amount after 3 years at the same interest rate?
      A 4581 Correct Answer Incorrect Answer
      B 4254 Correct Answer Incorrect Answer
      C 4752 Correct Answer Incorrect Answer
      D 4160 Correct Answer Incorrect Answer

      Solution

      ATQ;
      Let 12% = 864

      Principal = 2400

      Interest on 800 = 12 × 8 = 96

      Total = (864 + 96) + 2400 + 800 = 4160

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