Question

If the simple interest on a sum at 4% per annum for 2 years is Rs. 80, then the compound interest on the
same sum for the same period is:
(a) Rs. 86.80
(b) Rs. 86.10
(c) Rs. 88.65
(d) Rs. 81.60

Answer 1

(c) RS.88.65 is the answer

Answer 2

(c)RS.88.65 is the correct answer