Calculate the amount on Rs. 1875 for 2 year at 4% per annum, compounded yearly.
A) Rs. 676 B) Rs. 776 C) Rs. 1778 D) Rs. 2028
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A=P(1+r/100)^n
=1875(1+4/100)^2
=1875(26/25)^2
=1875×676/625
= ₹2028
D) Rs.2028 is correct answer
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