Find the compound interest on Rs. 10,000 at 10% per annum for 2 years, compounded annually.

Topic: Interest
Subtopic: Compound Interest

ARs. 2000

BRs. 2100

CRs. 2200

DRs. 2400

Explanation

Amount = P(1 + R/100)^T = 10000 * (1.1)^2 = 10000 * 1.21 = Rs. 12,100. Compound Interest = Amount – Principal = 12100 – 10000 = Rs. 2100.

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