wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Find the sum of simple interest and compound interest on Rs. 10,000 for 2 years, compounded annually at 10% per annum both exclusively.

A
4200
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
4000
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
4100
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
D
4500
No worries! We‘ve got your back. Try BYJU‘S free classes today!
Open in App
Solution

The correct option is A 4100
We know S.I.=P×R×T100
S.I.=10000×10×2100= Rs. 2000
and,
C.I.=P(1+R100)TP
C.I.=10000×(1+10100)2P
C.I.=10000×(1110)210000
C.I.= Rs. 2100
Therefore, S.I.+C.I.= Rs. 2000 + Rs. 2100= Rs. 4100.

flag
Suggest Corrections
thumbs-up
2
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
When the Interest is Compounded Half-Yearly
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon