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The compound interest on Rs 5,000 at 10% per annum, compounded annually for 2 years, is
ARs 1,000
BRs 1,050
CRs 1,100
DRs 1,200
Answer & Solution
Correct answer: B. Rs 1,050
Amount = 5000 × (1.10)^2 = 5000 × 1.21 = 6050. CI = 6050 - 5000 = 1050.
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