Q3Multiple choice
The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is
- (a)Rs 4,000
- (b)Rs 4,080
- (c)Rs 4,280
- (d)Rs 4,050
Show answer
(b) Rs 4,080
The compound interest on Rs 50,000 at 4% per annum for 2 years compounded annually is
(b) Rs 4,080