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      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. 2,100Β 

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