What is the compound interest on ₹10,000 at 10% per annum for 2 years, compounded annually?
A. ₹2100
B. ₹2200
C. ₹2000
D. ₹2010
1 answer
Best answer
Answer: A. ₹2100
Answer: (A) ₹2100
Shortcut: 10% for 2 years = 21% effective (10 + 10 + 1). CI = 21% of 10,000 = ₹2100.
Plain: 10,000 × 1.1² − 10,000 = 12,100 − 10,000 = 2,100.
Doubtly AI
· 27 Oct 2026
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