₹1000 is deposited in a bank at 10% pe

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Target Exam

CUET

Subject

General Test

Chapter

Numerical Ability

Topic

Compound Interest

Question:

₹1000 is deposited in a bank at 10% per annum compounded annually for 3 years. Find the compound interest.

Options:

₹300

₹331

₹352

₹309

Correct Answer:

₹331

Explanation: