Question
A sum of ₹10,000 is invested at a compound interest
rate of 10% per annum. What will be the amount after 2 years if the interest is compounded annually?Solution
Amount = 10,000 × (1 + 10/100)^2 = 10,000 × 1.1 × 1.1 = ₹12,100. Correct option: c
More Compound Interest Questions
- Which letter and number cluster will replace the question mark (?) to complete the given series?
LT6, KU12, IW24, FZ48, ____ - Which letter-cluster will replace the question mark (?) in the following series?
RGV, UME, ?, AYW, DEF - Which letter-cluster will replace the question mark (?) in the following series?
NPQR, OORQ, PNSP, ____, RLUN - A series is given with one term missing. Choose the correct alternatives from the given ones that will complete the series.
57, 59, 56, 61, 54, ___ - Select the number from among the given options that can replace the question mark (?) in the following series.
17, 18, 22, 31, 47, ___
