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The interest on Rs 24,000 in 2 years com...

The interest on Rs 24,000 in 2 years compounded annually when the rates are 8% p.a. and 10% p.a. for two successive years is:

A

Rs. 3,994

B

Rs. 4512

C

Rs. 5,040

D

Rs. 5,866

Text Solution

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The correct Answer is:
B
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