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The simple interest on a sum of money at 5% per annum for 3 years is ₹1,200. Find the compound interest on the same sum for the same period at the same rate, if interest is compounded annually.
₹1,261
₹1,612
₹1,216
₹1,621
₹1,261
Practice and solve "The simple interest on a sum of money at 5% per annum for 3 years is ₹1,200. Find the compound inter..." for Mathematics - Previous Year Paper 2026. The correct answer is Option A: ₹1,261. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.
Practice and solve "The simple interest on a sum of money at 5% per annum for 3 years is ₹1,200. Find the compound inter..." for Mathematics - Previous Year Paper 2026. The correct answer is Option A: ₹1,261. Detailed step-by-step solution, conceptual clarity, and formulas on Examoogle.