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The simple interest on a sum of money at...

The simple interest on a sum of money at 10% per annum for 2 years is Rs. 8,100. What would be the compound interest (in Rs.) on the same sum for the period at 15% p.a. When the interest is compounded yearly?

A

8100

B

13,061

C

8715

D

9000

Text Solution

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The correct Answer is:
B
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