The compound interest on TK. 10,000 for 4 years @ 5% per annum will be approximately
A
TK. 2000
B
TK. 2025
C
TK. 2050
D
TK. 2100
Correct Answer: TK. 2000
C = 10,000(1 + 5%)4 −1 0,000 = 2155.06