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    Question

    A principal of ₹8000 is invested at a compound

    interest rate of 10% per annum. What will be the amount after 2 years?
    A ₹ 9680 Correct Answer Incorrect Answer
    B ₹ 7880 Correct Answer Incorrect Answer
    C ₹ 8260 Correct Answer Incorrect Answer
    D None of these Correct Answer Incorrect Answer

    Solution

    ATQ, Amount = Principal × (1 + Rate/100)Time Amount = 8000 × (1 + 10/100)2 = ₹9680

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