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Mohan invested an amount of Rs. 15000 at...

Mohan invested an amount of Rs. 15000 at compound interest rate 5% p.a. for a period of 2 years. What amount will receive at the end of 2 years?

A

(a) 16000

B

(b) 16537.5

C

(c) 16500

D

(d) 16580

Text Solution

Verified by Experts

The correct Answer is:
Rs. 1537.50
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