Find compound interest on Rs.50000 at `6%` per annum for 2 years, compounded annually

Explanation

To find the compound interest on Rs. 50,000 at a rate of 6% per annum for 2 years, compounded annually, we can follow these steps:

### Step 1: Identify the given values
- Principal (P) = Rs. 50,000
- Rate of interest (R) = 6% per annum
- Time (T) = 2 years

**Hint:** Always start by clearly identifying the values given in the problem.
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