alleryStart learning →Rs 10,000 is invested at 10% compounded annually. What is the amount after 2 years?
ARs 11,000
BRs 12,100
CRs 12,000
DRs 12,200
Answer & Solution
Correct answer: B. Rs 12,100
10,000 x 1.10 x 1.10 = Rs 12,100 because interest is earned on the first year's interest too.
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