Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually. Choose the correct option:
A) Rs 712 B) Rs 812 C) Rs 912 D) Rs 512 E) Rs 612
Amount = Rs [7500*(1+(4/100)2] = Rs(7500 * (26/25) * (26/25)) = Rs. 8112.   therefore, C.I. = Rs. (8112 - 7500) = Rs. 612.   ANSWRs 612R Rs 612 612
<result>E</result>
Find compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.