Q: A sum of `18,000 becomes `21,780 after 2 years on compound interest compounded annually, What will be the compound interest (in`) on the same sum for the same period if the rate of interest increases by 5%?
A.
1,845
B.
4,670
C.
5,805
D.
5,500
Correct Answer:
Option C -
Explanations:
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