The compound interest on ₹4,000 for 2 years at 5% per annum compounded annually is:

A

₹410
B

₹400
C

₹420
D

₹450

Explanation:

The compound interest is ₹410 calculated using the compound interest formula

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This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

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