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EXERCISE 11DOBJECTIVE QUESTIONSTick (/) the correct answer in each of the following:1. The compound interest on 5000 at 8% per annum for 2 years. compounded annually(a) 3800(b) 3825(c) 3 832 |
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Answer» NONE of these 5000*8%=5400 Principal for 2ND year =5400 I =5400*8% =432 So COMPOUND INTEREST for 2YEARS =400+432 =₹832 |
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