The simple interest accrued on a certain principal is ₹ $2,000$ in five years at the rate of $4$ percent $p.a.$ What would be the compound interest (In ₹) accrued on the same principal at the same rate in two years?
The simple interest accrued on a certain principal is ₹ $2,000$ in five years at the rate of $4$ percent $p.a.$ What would be the compound interest (In ₹) accrued on the same principal at the same rate in two years?
- A
$716$
- B
$724$
- C
$824$
- D
$816$
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