A person invested ₹8,000 at the rate of 10% compounded annually. Find the compound interest gained in 3 years.

CA Foundation · Quantitative Aptitude · MTP · January 2026
A person invested ₹8,000 at the rate of 10% compounded annually. Find the compound interest gained in 3 years.
(A) A. ₹2684
(B) B. ₹10,648
(C) C. ₹10,000
(D) D. ₹12,648

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. ₹12,648

Topics: Part-A: Business Mathematics

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