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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 -
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Explanations:

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