The compound interest on Rs. 5,000 for 2 years at 10% per annum compounded annually is:

Topic: Interest
Subtopic: Compound Interest

ARs. 1,000

BRs. 1,050

CRs. 1,100

DRs. 1,050

Explanation

Amount = 5000 * (1.10)^2 = 5000 * 1.21 = Rs. 6,050. CI = 6050 – 5000 = Rs. 1,050.

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