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    Question

    Find the total amount received on investing Rs. 12,000

    for 2 years at compound interest of 10% p.a., compounded annually.
    A Rs.14,500 Correct Answer Incorrect Answer
    B Rs.10,520 Correct Answer Incorrect Answer
    C Rs.14,520 Correct Answer Incorrect Answer
    D Rs.10,200 Correct Answer Incorrect Answer

    Solution

    ATQ, Total amount received = 12000 × {1 + (10/100)}² = 12000 × (110/100)² = 12000 × 1.1² = 12000 × 1.21 = Rs. 14,520

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