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Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually

Correct Answer: Rs.612

Explanation:


Amount


= Rs[7500x(1+4/100)²]


=Rs.(7500 * 26/25 * 26/25)


=Rs.8112


 


 C.I


= Rs(8112 - 7500)


=Rs.612


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