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?
A.	25%
B.	21%
C.	23%
D.	24.5%
E.	26.2%
Answer» C. 23%

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