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What will be the compound interest earned on an amount of Rs. 12000 at 10% p.a. in two years? |
Rs. 2400 Rs. 2420 Rs. 2500 Rs. 2520 |
Rs. 2520 |
OR Total rate of interest for 2 years = 10% + 10% + \(\frac{10\;×\;10}{100}\)% = 21% C.I. for 2 years = 12000 × 21% = Rs.2520 |
