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- What would be the compound interest accrued on an amount of 11500 Rs.
Question 1:
What would be the compound interest accrued on an amount of 11500 Rs. at the end of 2 years at the rate of 10 % per annum ? A. 13905
B. 13915
Feedback Principal = 11500 No. of years = 2 Rate of interest = 10
Amount = P x (1+r/100)n,
we get Amount = 11500 x (1+10/100)2
= 11500 x ( 110 / 100 )2
= 115 x 11 x 11
= 115 x 121
Ans : 13915
Amount = P x (1+r/100)n,
we get Amount = 11500 x (1+10/100)2
= 11500 x ( 110 / 100 )2
= 115 x 11 x 11
= 115 x 121
Ans : 13915
C. 13925
D. 13965
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