Find the compound interest on Rs. 10,000 2 years, compounded annually 10% per annum.2000333021002200 (2024)

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Question

A

2000

B

2100

C

2200

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Solution

Verified by Toppr

We have P= Rs. 10,000,T=2 years and R=10%.

A=P×(1+R100)T

A=10000×(1+10100)2

A=10000×(1110)2

A= Rs. 12100

Thus C.I.=AP= Rs. 12100 Rs. 1000= Rs. 2100

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