Q. Akshay borrowed Rs 2100 at compound interest of 5% per annum for 2 years. What is the total the amount due after two years?

2121.25

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2200.5

No worries! We‘ve got your back. Try BYJU‘S free classes today!

2315.25

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

2320

No worries! We‘ve got your back. Try BYJU‘S free classes today!

24250

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C 2315.25
The total amount $= 2100 (1 + \frac{5}{100})^{2} = 2100 \times \frac{21}{20} \times \frac{21}{20} 2315.25$

Suggest Corrections

Similar questions

Q. Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.

Ronit borrows Rs.86000 from Akshay for 2 years at 5% per annum simple interest He immediately lends out to Akshay at 5% compound interest compounded annually for the same period. Calculate Ronit’s profit in the transaction at the end of 2 years.

An amount of Rs. 7500 is borrowed at compound interest at the rate of 4% per annum. The amount to be paid after 2 years is _______.

Q. Mohan borrowed Rs. 16000 for 3 years at 5% per annum compound interest. Calculate the amount that Mohan will pay at the end of 3 years.

Q. I borrowed Rs.

12, 000

from Suresh at

6 %

per annum simple interest for

2

years. Had I borrowed this sum at

6 %

per annum compound interest, what extra amount would i have to pay?

Join BYJU'S Learning Program

Q. Akshay borrowed Rs 2100 at compound interest of 5% per annum for 2 years. What is the total the amount due after two years?

The correct option is C 2315.25The total amount =2100(1+5100)2=2100×2120×21202315.25

The correct option is C 2315.25
The total amount $= 2100 (1 + \frac{5}{100})^{2} = 2100 \times \frac{21}{20} \times \frac{21}{20} 2315.25$