Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.
Choose the correct choice from the following answers
A) Rs. 610
B) Rs. 612
C) Rs. 614
D) Rs. 616
E) None of these
Explanation:   Amount=[7500×(1+4100)2]=(7500×2625×2625)=8112   So compound interest = (8112 - 7500)= 
<gadget id="calculator">(8112 - 7500)</gadget>
<output>612</output>
612   Answer: Rs. 612
<result>B</result>
Find the compound interest on Rs. 7500 at 4% per annum for 2 years, compounded annually.