Question

    A sum of Rs. 10,000 is borrowed by Akshit for 2 years at

    an interest of 10% compounded annually. Find the compound interest and amount he has to pay at the end of 2 years.
    A 12200, 2100 Correct Answer Incorrect Answer
    B 12200, 2200 Correct Answer Incorrect Answer
    C 12100, 2200 Correct Answer Incorrect Answer
    D 12100, 2100 Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    Given Data Principal (P) = Rs. 10,000 Rate (r) = 10% per year Time (t) = 2 years Calculate the Amount Hence, Total Amount to be paid = Rs. 12,100 and Compound Interest = Rs. 2,100 

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