Banking Exams Quant — Question 1795
Question
Find the compound interest on ₹10,000 at 10% per annum for 2 years, compounded annually.
- ₹2,000
- ₹2,100
- ₹2,200
- ₹2,310
Correct answer
B — ₹2,100
Explanation (English)
Amount = 10000 × (1.1)² = 10000 × 1.21 = 12,100. CI = 12,100 − 10,000 = ₹2,100.
More Quant questions
- Simple Interest — If the simple interest on ₹5000 for 3 years is ₹1200, find the rate of interest.
- Compound Interest — A bank offers 12% compound interest per annum. What will ₹10000 become in 2 years?
- Profit and Loss — If cost price is ₹800 and selling price is ₹1000, find profit percentage.
- Simple Interest — A person invests ₹20000 at 10% per annum for 5 years. Find simple interest.
- Ratio — Find the ratio of 2.5 : 3.5 in simplest form.
- Simple Interest — A sum of money doubles in 8 years at simple interest. In how many years will it triple?
Practice 1000+ more questions like this
TestPod AI has hand-curated previous-year-questions for SSC, RRB NTPC, IBPS PO, SBI Clerk, and more — with AI explanations in Tanglish, Hinglish, and English.