Answer:
$54080
Explanation:
Step one:
given
principal= Rs. 50000
rate= 4%= 0.04
time= 2 years
Required
The final Amount A
Step two
Applying
A= P(1+r)^t
substitute
A= 50000(1+0.04)^t
A= 50000(1.04)^2
A= 50000*1.0816
A= 54080
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