A sum of Rs. 1000 at 5% CI compounded annually for 2 years becomes:

A1100

B1102.5

C1125

D1150

Explanation

1000 * (1.05)^2 = 1000 * 1.1025 = 1102.5.

Exam Relevance

Topic: Interest
Subtopic: Compound Interest

Submitted by: mcqstutor Team More Mathematics MCQs →