Railway Recruitment Board Mathematics — Question 649
Question
What is the compound interest on ₹10000 at 10% per annum for 2 years?
- ₹2000
- ₹2100
- ₹2200
- ₹2500
Correct answer
B — ₹2100
Explanation (English)
CI = P(1+r/100)^t - P = 10000(1.1)^2 - 10000 = 12100 - 10000 = ₹2100
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