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
Answer:B
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