Simple Interest on a sum at 4 % per annum for 2 years is 80. The compound interest on the same sum for the same period is?
A. ₹ 81.60
B. ₹ 160
C. ₹ 1081.60
D. None of these
Answer:A
Simple Interest on a sum at 4 % per annum for 2 years is 80. The compound interest on the same sum for the same period is?
A. ₹ 81.60 B. ₹ 160 C. ₹ 1081.60 D. None of these