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Q: A sum of ` 8,000 invested at 10% p.a. amounts to `9,261 in a certain time, interest compounded half-yearly. What will be the compound interest (in `) on the same sum for the same time at double the earlier rate of interest, when interest is compounded annually?
  • A. `2,520
  • B. `2,480
  • C. `2,500
  • D. `2,560
Correct Answer: Option D -
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Explanations:

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