Mathematics · Compound Interest
Jaspreet deposited a principal sum of ₹12,800 at an interest rate of 5% per annum, compounded annually. What is the total amount received by Jaspreet after 2 years?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1₹14,442
- 2₹14,512
- 3₹14,112✓
- 4₹13,997
Correct answer
₹14,112
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