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. Rs. 81.60
B. Rs. 160
C. Rs. 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. Rs. 81.60 B. Rs. 160 C. Rs. 1081.60 D. None of these