A man borrows Rs. 50,000 at 4% compound interest per annum. The the to – McqOptions

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1.	A man borrows Rs. 50,000 at 4% compound interest per annum. The the total amount of money he has to pay after 2 yrs is -
A.	Rs. 54,080
B.	Rs. 50,480
C.	Rs. 54,000
D.	Rs. 54,800
Answer» B. Rs. 50,480

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