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- What would be the compound interest accrued on an amount of 6500 Rs.
Question 1:
What would be the compound interest accrued on an amount of 6500 Rs. at the end of 2 years at the rate of 15 % per annum ? A. 8596.5
B. 8596.25
Feedback Given principal = 6500
No. of years = 2
Rate of interest = 15
Amount = P x (1+r/100)n,
we get Amount = 6500 x (1+15/100)^2
Ans : 8596.25
No. of years = 2
Rate of interest = 15
Amount = P x (1+r/100)n,
we get Amount = 6500 x (1+15/100)^2
Ans : 8596.25
C. 8589.75
D. 8589.25
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