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Question 3 The compound interest on Rs 50000 at 4% per annum for 2 yr compounded annually is (a) Rs 4000 (b) Rs 4080 (c) Rs 4280 (d) Rs 4050

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Question 3

The compound interest on Rs 50000 at 4% per annum for 2 yr compounded annually is
(a) Rs 4000
(b) Rs 4080
(c) Rs 4280
(d) Rs 4050



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