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Discussion :: Compound Interest

  1. What is the compound interest on Rs. 2500 for 2 years at rate of interest 4% per annum?

    2. A.
    Rs. 180
    B.
    Rs. 204
    C.
    Rs. 210
    D.
    Rs. 220

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    Answer : Option B

    Explanation :

    Principal (P) = Rs. 2500

    Rate of interest(r) = 4%

    Time (t) = 2 years

    Compound Interest = Amount - Principal
    Apti Compound Interest

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