Home › CMAT › Quantitative Aptitude › Compound Interest › Compound interest on Rs.10000 at 10% p.a. for 2 …
Compound interest on Rs.10000 at 10% p.a. for 2 years is:
ARs. 2000
BRs. 2100
CRs. 2210
DRs. 2310
Answer & Solution
Correct answer: B. Rs. 2100
1. Amount = 10000 × (1 + 10/100)² = 10000 × 1.21 = 12100.
2. CI = Amount − Principal = 12100 − 10000.
3. = 2100. Therefore Rs. 2100.
_Source: KMAT Karnataka 2022 PYQ Q.59_
Related questions
If a sum at compound interest doubles in 6 years, in how many years will it become 8 timesIf the simple interest on a sum at 6% p.a. for 3 years is ₹540, what is the compound interIf CI for 1st year is ₹500 and for 2nd year is ₹525 on a certain sum at the same rate, finThe compound interest on ₹16,000 for 3 years at 5% p.a. compounded annually is:At what rate compounded annually does ₹4,000 amount to ₹4,840 in 2 years?A sum amounts to ₹6,050 at 10% p.a. compound interest in 2 years. Find the principal.Find the difference between CI and SI on ₹10,000 at 10% p.a. for 2 years.The compound interest on ₹5,000 at 10% p.a. for 2 years compounded annually is: