Find the compound interest on Rs. 31250 for 3 years at 8% per annum, compounded annually.

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Amount = 31250 * (1 + 8/100)^3 = 31250 * (27/25)^3 = 31250 * (19683 / 15625) = 2 * 19683 = Rs. 39366. Compound Interest = 39366 - 31250 = Rs. 8076. Correct option is D.

Find the compound interest on Rs. 31250 for 3 years at 8% per annum, compounded annually. MCQ with Answer and Explanation

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