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- Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.
Question 1:
Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. A. Rs. 610
B. Rs. 612
Feedback Amount=[7500×(1+4/100)2]=(7500×26/25×26/25)=8112
C. Rs. 614
D. Rs. 616
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