Mr. Davesh borrowed Rs. 4,500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:

Mr. Davesh borrowed Rs. 4,500 at 4% per annum compound interest. The c

1.	Mr. Davesh 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
Answer» B. Rs. 4,867.2

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Mr. Davesh borrowed Rs. 4,500 at 4% per annum compound interest. The compound interest compounded annually for 2 years is:

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