Question

The interest earned on investing Rs. 4000 for 2 years at

Q: The interest earned on investing Rs. 4000 for 2 years at the rate of 10% p.a., compounded annually,

Compoundinterestearned4000110100sup2sup400048404000Rs840Sosellingpriceofthearticle84012Rs1008

the rate of 10% p.a., compounded annually, is used to purchase an article. If the article is later sold at 20% profit, then find the selling price of the article.

A Rs. 1000

B Rs. 1009

C Rs. 1008

D Rs. 1018

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