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Answer» Given,P = 60000, R = 9%, n = 2 For compound interestA = P(1 + R/100)^nA = 60000(1 + 9/100)^2A = 60000(1.09)^2A = 60000(1.1881)A = 71286 Therefore Rohit will receive amount of Rs 71286 at the end of 2 years. |
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