- A₹3,180
- B₹3,000
- C₹3,200
- D₹3,240
Step-by-Step Solution
Amount = ₹15,680. Compound interest = 15,680 − 12,500 = ₹3,180.
Answer: A) ₹3,180
Meera deposits ₹12,500 in a bank that pays 12% per annum, compounded annually. How much interest does she earn in 2 years?
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