Mathematics
On a certain sum, the S.I. for 2 years is ₹ 2400. If the rate of interest is 10% p.a., then :
the amount in 2 years, at compound interest is :
₹ 14520
₹ 12000
₹ 12120
₹ 24000
Compound Interest
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Answer
Amount in 2 years = Principal + C.I. for 1st year + C.I. for 2nd year
= ₹ 12000 + ₹ 1200 + ₹ 1320
= ₹ 14520.
Hence, Option 1 is the correct option.
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