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    Question

    Find the compound interest on ₹8000 at 10% p.a.

    compounded annually for 2 years.
    A ₹1390 Correct Answer Incorrect Answer
    B ₹1680 Correct Answer Incorrect Answer
    C ₹1080 Correct Answer Incorrect Answer
    D ₹1280 Correct Answer Incorrect Answer

    Solution

    ATQ, Amount = 8000*(1.10)^2 = 8000*1.21 = 9680 CI = 9680 − 8000 = 1680 Answer: ₹1680

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