Mathematics · Compound Interest
A sum of Rs. 11,500 is borrowed at compound interest at the rate of 5% per annum, compounding annually. What will be the total amount to be paid after 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,678.00
- 2Rs. 12,687.75
- 3Rs. 12,677.85
- 4Rs. 12,678.75✓
Correct answer
Rs. 12,678.75
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