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
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