A sum of rupees 3200 is compounded annually at the rate of 10 paisa per rupee per annum. Find the compound interest payable after 2 years. A. 200 B. 842 C. 672 D. 832 Answer Workspace Report Discuss Answer with explanation Answer: Option C Explanation Rate of interest is 10 paisa per rupee per annum. So for 100 rupees it is 1000 paise i.e. 10 percent Now, CI = 3200(1+10/100)^ 2 – 3200 = 672 Workspace
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