The amount on ₹15,000 for 2 years at 8% per annum compounded annually is

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MCQ (Single)Calculation of Amount Using Compound Interest Formula

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Find the amount (in ₹) on ₹16,000 for 1 year at 10% per annum, compounded half-yearly.

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Kiran deposits ₹40,000 in a bank for 3 years at 5% per annum, compounded annually. Find the compound interest (in ₹) she earns.

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Ravi wants to deposit ₹20,000 for 2 years at 10% per annum. His bank offers three schemes. Scheme 1: simple interest. Scheme 2: compound interest, compounded annually. Scheme 3: compound interest, compounded half-yearly.

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