The compound interest on ₹10,000 at 5% per annum for 2 years (compounded…
2025
The compound interest on ₹10,000 at 5% per annum for 2 years (compounded annually) is:
- A.
₹1000
- B.
₹1025
- C.
₹1050
- D.
₹1100
Attempted by 16 students.
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Correct answer: B
Compound interest for 2 years at 5% is 10000 x [(1.05)^2 - 1] = 10000 x 0.1025 = Rs. 1025.