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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_