CA Foundation · Quant · Compound Interest — Gap Fill

Exercise and reference answers

Missing parts

1. Answer

   T

   Choices

   1. T
   2. T²
   3. R
   4. P

2. Answer

   2,100

   Choices

   1. 2,000
   2. 2,050
   3. 2,100
   4. 2,210

Complete the statement

Amount A in CI = P × (1 + R/100)^{0}. CI on ₹10,000 at 10 % for 2 years = ₹{1}.

Instructions

Fill the CI formula exponent and a sample value.