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      Question

      An amount of Rs. 15,000 is deposited in a compound interest

      scheme that gives 10% interest for the first year and 14% interest for the second year. Calculate the total amount at the end of 2 years.
      A Rs.15300 Correct Answer Incorrect Answer
      B Rs.18810 Correct Answer Incorrect Answer
      C Rs.12500 Correct Answer Incorrect Answer
      D Rs.17450 Correct Answer Incorrect Answer

      Solution

      ATQ,

      Amount after 2 years = 15000 × 1.10 × 1.14 = Rs. 18,810

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