What amount will ₹8,000 become in 2 years at 5% per annum compound interest?
A. ₹8820
B. ₹8800
C. ₹8810
D. ₹8840
1 answer
Best answer
Answer: A. ₹8820
Answer: (A) ₹8820
5% for 2 years = 10.25% effective. Amount = 8000 × 1.1025 = ₹8820.
Doubtly AI
· 27 Oct 2026
AI-generated · not yet verified
Report
Was this answer helpful?
Thanks for the feedback.
Sign up free to save answers and ask your own doubts
Your answer
Log in or create a free account to answer this question.