Calculate the compound interest at the rate of 6% per annum for 2 years on the principle which in 2 years at the rate of 2% per annum gives Rs. 8000 as simple interest.

Calculate the compound interest at the rate of 6% per annum for 2 yea

1.	Calculate the compound interest at the rate of 6% per annum for 2 years on the principle which in 2 years at the rate of 2% per annum gives Rs. 8000 as simple interest.
A.	50000
B.	49440
C.	59440
D.	49000
Answer» C. 59440

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Calculate the compound interest at the rate of 6% per annum for 2 years on the principle which in 2 years at the rate of 2% per annum gives Rs. 8000 as simple interest.

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