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The compound interest on ₹1000 at 10% per annum, compounded annually for 2 years, is:
A₹210
B₹220
C₹200
D₹121
Answer & Solution
Correct answer: A. ₹210
A = 1000(1.1)² = 1210; CI = 1210 − 1000 = ₹210.
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