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The amount of Rs. 10,000 after 2 years, ...

The amount of `Rs. 10,000` after 2 years, compounded annually with the rate of interest being `10% `per annum during the first year and `12%` per annum during the second year, would be (In rupees)

A

`Rs. 12,000`

B

`Rs. 12,320`

C

`Rs. 12,500`

D

`Rs. 11,320`

Text Solution

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The correct Answer is:
B
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