A person invested Rs 5,600 at 14% p.a. compounded interest for 2 years. Find the interest for the first year.

Rs 784

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Rs 800

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Rs 884

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Rs 780

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Solution

The correct option is A
Rs 784

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A person invested Rs 5,600 at 14% p.a. compounded interest for 2 years. Find the interest for the first year.

The correct option is A Rs 784

The correct option is A
Rs 784