Quick Method for solving Compound Interest Questions - Type 2

Ashish

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#1
1. Find the compound interest, if Rs 10,000 was invested for 3 years at rate of 10% per annum?



2. A Certain sum of money yields Rs 1261 as compound interest for 3 years at 5% per annum. The Sum is:
a) Rs 9000
b) Rs 8400
c) Rs 7500
d) Rs 8000



Answer: Rs 8000