Correct Answer: Option B
C I = P ( 1+ r/100 )n – P
= 3080 ( 1 + 7/100 )³ - 3080
= (3080 × 1.07 × 1.07 × 1.07) – 3080
= 3773.13244 – 3080
= 693.13244
= Tk. 693. Approximately.
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