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Find the compound interest on ₹8000 at 5% per annum for 2 years, compounded annually. (answer in ₹)

Competition practiceRatio, Percentage & Commercial Math
  • A820
  • B800
  • C840
  • D810

Step-by-Step Solution

Amount = = ₹8820. Compound interest = 8820 − 8000 = ₹820.
Answer: A) 820

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