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Compound interest on 12600 for two years at 10% per annum works out to:
A2400
B2646
C2520
D2760
Answer & Solution
Correct answer: B. 2646
1. The amount is 12600 times 1.21.
2. That gives 15246.
3. Subtracting 12600 leaves 2646.
_Source: NCERT Class 8 Mathematics, Chapter 8, Comparing Quantities._
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