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Basic Mathematics QUESTION #2841
Question 1
Find the Compound Interest on Rs. 5000 at \(10\%\) per annum for 2 years (compounded annually).
  • Rs. 950
  • Rs. 1000
  • Rs. 1050✔️
  • Rs. 1100
Correct Answer Explanation
Amount \(= P\left(1 + \dfrac{r}{100}\right)^n = 5000 \times \left(\dfrac{110}{100}\right)^2 = 5000 \times 1.21 = 6050\). CI \(= 6050 - 5000 = Rs.\ 1050\).