Staff Selection Commission Quantitative Aptitude — Question 263

Question

Find the compound interest on ₹10000 at 10% per annum for 2 years

1. ₹2000
2. ₹2100
3. ₹2200
4. ₹2500

Correct answer

B — ₹2100

Explanation (English)

A = P(1 + r/100)^n = 10000 × 1.1 × 1.1 = 12100. CI = 2100

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