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Compound interest on ₹1000 at 10% for 2 years:

A₹200
B₹210
C₹220
D₹250
Answer & Solution
Correct answer: B. ₹210
1. A = 1000(1.1)^2 = 1210. 2. CI = 1210 − 1000 = 210. _Source: 501-GMAT-Questions Section 4 / Manhattan Quant Bank_
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