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Q:

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?

  • 1
    25%
  • 2
    21%
  • 3
    23%
  • 4
    24.5%
  • 5
    26.2%
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Answer : 2. "21% "

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