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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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