Monil invests Rs 5600 at 14% p.a. compound interest for 2 years. Calculate:

the amount at the second year, correct to the nearest Re.

Rs 7278

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Rs 7578

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Rs 7290

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Rs 7270

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Solution

The correct option is A
Rs 7278

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Similar questions

Monil invests Rs 5600 at 14% p.a. compound interest for 2 years. Calculate:

i) the interest for the first year

ii) the amount at the end of the first year,

iii) the amount at the second year, correct to the nearest Re.

Nandini invests a certain amount for 3 years at 10% p.a. CI. She earns Rs 1408 interest for the second year. Calculate:

The amount due to her at the end of the third year.

5, 600

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2

30, 800

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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.

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