Question

A sum of ₹20,000 is invested at a compound interest rate of 5% per annum for 4 years. What will be the total amount after 4 years, and what is the total compound interest earned?

A Total amount: ₹24,000, Total interest: ₹4,000
B Total amount: ₹24,310, Total interest: ₹4,310
C Total amount: ₹25,000, Total interest: ₹5,000
D Total amount: ₹25,600, Total interest: ₹5,600
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