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Find compound interest on ₹10,000 at 10% p.a. for 2 years (annual compounding).
Answer & Solution
Correct answer: D.
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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