The compound interest on a certain sum in 2 1/2 years at 10% p.a., interest compounded yearly, is `1,623.

Questions :

The compound interest on a certain sum in 2 1/2 years at 10% p.a., interest compounded yearly, is ₹1,623.

Options :

  • ₹5,000
  • ₹6,000
  • ₹6,500
  • ₹7,200

correct answer : b)

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