An amount of Rs.10,000 is invested at a compound interest rate of 8% per annum for a period of 2 years. What will be the total amount (principal + interest) received at the end of the 2-year period?
Rs.11,664
Using the compound interest formula A = P into (1 + r/100) raised to n, with P = Rs.10,000, r = 8%, and n = 2 years, the total amount works out to 10000 times 1.08 times 1.08, which equals Rs.11,664.
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