At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.40000?
Choose the correct choice from the following answers:
A) 6620  B) 3277  C) 2688  D) 13240  E) 2789
A = 40000(11/10)3   = 53240   = 40000   ----------   13240   Answer:13240
<result>D</result>
At the end of three years what will be the compound interest at the rate of 10% p.a. on an amount of Rs.40000?