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Q.

The compound interest  on Rs 8500 for 2 years at 8% p.a. is 

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a

Rs.1144.40

b

Rs.1414.50

c

Rs.1413.50

d

Rs.1441.40

answer is B.

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Detailed Solution

A=P1+r100t

=85001+81002

=850027252

=9914.4

CI=9914.48500=1414.4

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