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Mr. Devesh borrowed Rs. 4,500 at 4% per ...

Mr. Devesh borrowed Rs. 4,500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:
A. Rs. 367.2
B. Rs. 4,867.2
C. Rs. 4,876.2
D. Rs. 376.2

A

B

B

A

C

D

D

C

Text Solution

Verified by Experts

The correct Answer is:
B
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