Find the amount and the compound interest on INR $10000$ at $5$ % per annum, for $2$ years compounded annually.

1020

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1025

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1022

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2025

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Solution

The correct option is B $1025$
$P = I N R 10, 000$
$R = 5$
$T = 2$ years

$A = p {[1 + \frac{5}{100}]}^{T}$

$A = 10, 000 {[1 + \frac{5}{100}]}^{2} = 11025$

$A = I N R 11, 025$

$C I = A - P$

$C I = 11025 - 10, 000$

$C I = I N R 1025$

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Find the amount and the compound interest on INR 10000 at 5% per annum, for 2 years compounded annually.

The correct option is B 1025P=INR 10,000R=5 T=2 yearsA=p[1+5100]TA=10,000[1+5100]2=11025A=INR 11,025CI=A−PCI=11025−10,000CI=INR 1025

Find the amount and the compound interest on INR $10000$ at $5$ % per annum, for $2$ years compounded annually.

The correct option is B $1025$
$P = I N R 10, 000$
$R = 5$
$T = 2$ years

$A = p {[1 + \frac{5}{100}]}^{T}$

$A = 10, 000 {[1 + \frac{5}{100}]}^{2} = 11025$

$A = I N R 11, 025$

$C I = A - P$

$C I = 11025 - 10, 000$

$C I = I N R 1025$