The amount on ₹10,000 at 10% compound interest for 2 years (compounded annually) is:

Problem Statement

Explanation

For annual compounding multiply principal by one plus rate raised to years. Ten thousand times one point one squared equals twelve thousand one hundred.

Code Solution

SolutionRead Only

A = P(1+R/100)^T = 10000×(1.10)^2 = 12100

Practice Sets

This question appears in the following practice sets:

Simple & Compound Interest

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The amount on ₹10,000 at 10% compound interest for 2 years (compounded annually) is:

Problem Statement

Explanation

Code Solution

Practice Sets

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The amount on ₹10,000 at 10% compound interest for 2 years (compounded annually) is:

Problem Statement

Explanation

Code Solution

Practice Sets

Related Questions

What is the sum of first 50 natural numbers?

Find the HCF of 12 and 18.

Find the LCM of 12 and 18.

Simplify: 25 + 15 × 3 - 10 ÷ 2

A number when divided by 5 leaves remainder 3. What will be the remainder when the square of this number is divided by 5?

More from Aptitude & Reasoning

Master Interviews
Anywhere, Anytime