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    Question

    An amount of Rs. 15,000 is deposited in a compound interest

    scheme that gives 10% interest for the first year and 14% interest for the second year. Calculate the total amount at the end of 2 years.
    A Rs.15300 Correct Answer Incorrect Answer
    B Rs.18810 Correct Answer Incorrect Answer
    C Rs.12500 Correct Answer Incorrect Answer
    D Rs.17450 Correct Answer Incorrect Answer

    Solution

    ATQ,

    Amount after 2 years = 15000 × 1.10 × 1.14 = Rs. 18,810

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