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To what amount will ₹12,000 grow in 2 years at 15% per annum, compounded annually?

Competition practiceSimple & Compound Interest
  • A15870
  • B15600
  • C15800
  • D3870

Step-by-Step Solution

Amount = = ₹15,870. (₹15,600 is the simple-interest amount; ₹3,870 is only the interest.)
Answer: A) 15870

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