Correct Answer: Option A
C I = P ( 1 + r/100)n – P
= 1542 ( 1 + 4/100)2 – 1542
= (1542 × 104/100 × 104/100) – 1542
= (1542 × 1.04 × 1.04) – 1542 = 1667.8272 – 1542
= Tk.126 approximately.
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