What is the compounded annual interest, for a loan amount of Rs.80000/- at 10% per annum for a period of 2 years? - MCQ Practice

Multiple Choice Question (MCQ)

Question: What is the compounded annual interest, for a loan amount of Rs.80000/- at 10% per annum for a period of 2 years?

A. Rs.16800/-

B. Rs.92400/-

C. Rs.96800/

D. Rs.94800/-

Correct Answer: Rs.16800/-

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