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Q: The compound interest on a certain sum of money at 21% per annum compound for 2 years is `11138.40 (interest is compounded annually). What will be the amount (`in) received after 2 years.
  • A. 35,138.40
  • B. 31,538.040
  • C. 24,000.50
  • D. 28,315.40
Correct Answer: Option A -
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Explanations:

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