1. What will be the compound interest accrued on a till Rs. 6,500 at the rate of 10% per annum in 2 years ‘?






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  • By: anil on 05 May 2019 01.19 am
    Compound Interest = $$P[{(1+frac{r}{100})}^{2}-1]$$.
    where P=Principal amount, r = interest.
    Compound Interest = $$6500[{(1+frac{10}{100})}^{2}-1]$$.
    = $$6500 imes0.21$$.
    = Rs.$$1365$$.
    Therefore, Option E is correct.

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