A principal of 10,000, after 2 years compounded annually, the rate o – McqOptions

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1.	A principal of 10,000, after 2 years compounded annually, the rate of interest being 10% per annum during the first year and 12% per annum during the second year (in rupees) will amount to :
A.	12,000
B.	12,320
C.	12,500
D.	11,320
Answer» C. 12,500

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