Teaching EMRS Accountant Mock Test 2023 Quantitative Aptitude Interest Compound Interest

Rs. 11,500 is borrowed at compound interest at the rate of 5% per annum, compounding annually. What will be the amount to be paid after 2 years?

1
Rs. 12,678.75
2
Rs. 12,677.85
3
Rs. 12,687.75
4
Rs. 12,678
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