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Q.

If principal is Rs.6000 Rate =5%p.a and Time =2years, then the compound interest is 

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a

Rs.651

b

Rs.615

c

Rs.515

d

Rs.516

answer is B.

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Detailed Solution

P=6000

R=5%p.a

T=2year

n=2

A=P(1+R100)n=6000(1+5100)2=6615

C.I=AP=66156000=615

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