Ritesh is a student studying in class 10 . His mother deposit Rs75000 for 2 years in fixed deposit of a bank at compound interest compounded annually for his study expenses and the compound amount at the end of one year is Rs81000.
a) Find the annual rate of compound interest offered by the bank .
b) what will be the compound amount that Ritesh get at the end of 2 years ? Find it .
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