The compound interest on Rs. 50000 at 4% per annum for 2 yr compounded annually is
Rs. 4000
Rs. 4080
Rs. 4280
Rs. 4050
Answers
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Answer:
P=50000
R=4%
T=2YEARS
A=P(1+R/100)^T
50000(104/100)^2
50000*104/100*104/100
5*104*104
54080
A=54080
CI=A-P
54080-50000
CI=4080
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