Home › CMAT › mathematicalability › Compound Interest › Find compound interest on ₹10,000 at 10% p.a. fo…
Find compound interest on ₹10,000 at 10% p.a. for 2 years (annual compounding).
A₹2400
B₹2000
C₹2200
D₹2100
Answer & Solution
Correct answer: D. ₹2100
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)_
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: