Question

Find the compound interest on Rs. 4000 at 10% per annum

Amount A P1 r100 4000 1 10100 4000 1.10 4000 1.21 4840 Compound interest A P 4840 4000 840 Answer Rs. 840

for 2 years, compounded annually.

A Rs. 540

B Rs. 940

C Rs. 800

D Rs. 840

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