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Mr.Ayush borrowed Rs 3000 at 5% per annu...

Mr.Ayush borrowed Rs 3000 at 5% per annum compound interest . The compound interest compounded annually for 2 years is

A

Rs 370.5

B

Rs 307.5

C

Rs 3307.5

D

Rs 3370.5

Text Solution

Verified by Experts

The correct Answer is:
B
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