Question

The interest earned on investing Rs. 7000 for 2 years at the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is later sold at 22% profit, then find the selling price of the article.

A Rs. 1793.4
B Rs. 1790.4
C Rs. 1693.4
D Rs. 1893.4
E None of these
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