The simple interest on a sum of money at 4% per annum for 2 years is Rs 80. The

Question

The simple interest on a sum of money at 4% per annum for 2 years is Rs 80. The compound interest on the same sum for the same period is = ?

Options:

A . Rs. 82.60

B . Rs. 82.20

C . Rs. 81.80

D . Rs. 81.60

Answer: Option D

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