Correct Answer: Option A
We know Simple Interest = Pnr/100
The rate of interest ‘r’ = (SI ×100)/(P×n)
=5940 × 100/16500 × 3
= 12%
Compound Interest= P (1 +r/100)n –P
= 16500 (1+ 12/100)³ - 16500
= (16500 × 1.12 × 1.12 × 1.12) – 16500
= 23181.302 – 16500
= Tk.6681.31. approx.
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