A sum of Rs. 1000 is invested at 10% compound interest per annum for 2 years. Find the compound interest.

Topic: Interest
Subtopic: Compound Interest

ARs. 200

BRs. 210

CRs. 220

DRs. 250

Explanation

Amount = 1000 * (1 + 0.10)^2 = 1000 * 1.21 = Rs. 1210. Compound Interest = 1210 – 1000 = Rs. 210.

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