Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. Choose the correct choice from the following answers
A) Rs.512	B) Rs.552	C) Rs.612	D) Rs.622	E) None
Solution   Amount	= Rs[7500x(1+4/100)²]   =Rs.(7500x26/25x26/25)   = Rs.8112.   C.I	= Rs(8112 - 7500)   =Rs.612.   Answer Rs.612
<result>C</result>
Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.