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Mr. X borrowed ` 5,120 at 12 ½ % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is?
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Mr. X borrowed ` 5,120 at 12 ½ % p.a C.I. At the end of 3 yrs, the mon...
Calculation of Compound Interest
- Principal amount (P) = Rs. 5,120
- Rate of interest (R) = 12 ½ % = 12.5%
- Time period (T) = 3 years

Calculation of Amount
- Using the formula for compound interest: A = P(1 + r/100)^n
- A = 5120(1 + 12.5/100)^3
- A = 5120(1 + 0.125)^3
- A = 5120(1.125)^3
- A = 5120(1.42100625)
- A = Rs. 7278.41

Calculation of Compound Interest
- Compound Interest (CI) = A - P
- CI = 7278.41 - 5120
- CI = Rs. 2158.41
Therefore, Mr. X paid a total of Rs. 2158.41 as interest on the loan amount of Rs. 5120 at a rate of 12 ½ % per annum for 3 years.
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Mr. X borrowed ` 5,120 at 12 ½ % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is?
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Mr. X borrowed ` 5,120 at 12 ½ % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Mr. X borrowed ` 5,120 at 12 ½ % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Mr. X borrowed ` 5,120 at 12 ½ % p.a C.I. At the end of 3 yrs, the money was repaid along with the interest accrued. The amount of interest paid by him is?.
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