What is the interest that has to be paid on a sum of Rs 4000 - Exam Yatra

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What is the interest that has to be paid on a sum of Rs 40000 borrowed for 2 years at 5% p.a. compounded annually?

[RBI ASSISTANT 2016]

A Rs 4000

B Rs 4100

C Rs 4400

D Rs 44100

E None of the above

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