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What compound interest does ₹15000 earn in 2 years at 6% per annum, compounded yearly? (in ₹)

Competition practiceSimple & Compound Interest
  • A1854
  • B1800
  • C1908
  • D1836

Step-by-Step Solution

Amount = = ₹16854, so CI = 16854 − 15000 = ₹1854.
Answer: A) 1854

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