Answer & ExplanationOption: [C]
SI = ₹ 15300
P = ₹ 45000
T = 4 yrs.
R% = (SIx100/PxT)
R% = (15300x100/45000x4)
R% = 8.5% per annum
Now we can calculate the Compound interest from above data.
CI(compound interest) = A-P
Now we calculate A = P(1+R/100)n
A = 45000(1+8.5/100)4
A = ₹ 62363
CI = A - P
CI = ₹ (62363 - 45000)
₹ 17363
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