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Priya deposits ₹12,500 for 2 years at 8% per annum, compounded annually. How much compound interest does she earn (in ₹)?

Competition practiceSimple & Compound Interest
  • A2080
  • B2000
  • C2160
  • D1040

Step-by-Step Solution

Amount = = ₹14,580, so CI = 14,580 − 12,500 = ₹2,080.
Answer: A) 2080

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