An amount of Rs. 10000 becomes Rs. 14641 in 2 years if the interest is – McqOptions

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1.	An amount of Rs. 10000 becomes Rs. 14641 in 2 years if the interest is compounded half - yearly. What is the rate of compound interest p.c.p.a. ?
A.	10%
B.	12%
C.	16%
D.	20%
Answer» B. 12%

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