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Look at the table for a deposit of ₹ 8,000 at 10% per annum, compounded annually. What is the amount at the end of Year 3?

Class 8Compound InterestComparing Quantities
  • A₹ 10,560
  • B₹ 10,400
  • C₹ 968
  • D₹ 10,648

Step-by-Step Solution

Year 3 starts with ₹ 9,680, so its interest . Amount . (₹ 10,400 is simple interest; ₹ 10,560 repeats Year 2's interest.)
Answer: D) ₹ 10,648

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