Correct Answer: Option D
Explanation:
Compound interest = P ( 1 + r/100 )n - P
= 8560 (1+ 4/100)² - 8560
= 8560 (100 + 4/100)²
= 8560 ( 104/100)² - 8560
= 8560 × 104/100 × 104/100 - 8560
= 8560 × 26/25 × 26/25 – 8560
= 9258 – 8560
= Tk.698.
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