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

Topic: Interest
Subtopic: Compound Interest

ARs. 2000

BRs. 2100

CRs. 2200

DRs. 2400

Explanation

Amount = 10000 * (1 + 10/100)^2 = 10000 * 1.21 = Rs. 12,100. CI = 12100 – 10000 = Rs. 2100.

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