Find the compound interest on Rs. 2000 at 10% per annum for 2 years.

ARs. 200

BRs. 400

CRs. 420

DRs. 440

Explanation

CI = 2000(1+0.1)^2 – 2000 = 2000(1.21) – 2000 = 2420 – 2000 = 420.

Exam Relevance

Topic: Interest
Subtopic: Compound Interest

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