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MAT Compound Interest — practice questions

Explore 1 free Compound Interest questions in MAT Mathematicalability. Open each question or exercise to read its content, reference answers and available explanation.

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Compound Interest questions and exercises with answers

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Find compound interest on ₹10,000 at 10% p.a. for 2 years (annual compounding).Read the answer and worked solution →

Worked practice questions

Find compound interest on ₹10,000 at 10% p.a. for 2 years (annual compounding).

  1. ₹2400
  2. ₹2000
  3. ₹2200
  4. ₹2100
Show answer and solution

Correct answer: D. ₹2100

1. Amount = 10000(1.1)² = 10000·1.21 = 12100. 2. CI = 12100 − 10000 = 2100. _Source: TSICET 2024 PYQ Q.88 (Shift 1, Compound Interest)_

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