Practicing Success
Practicing Success
CUET Preparation Today
A sum of ₹900 is invested at compound interest (compounded annually) for 2 years. If the rate of interest is 10% per annum, then what will be the amount? |
₹1071 ₹1089 ₹1289 ₹1121 |
₹1089 |
The Formula that we used here is - Amount = P$(1 \;+\; \frac{R}{100})^t$ = 900 [ 1 + \(\frac{10}{100}\)]² = 900 [ \(\frac{11}{10}\)]² = Rs. 1089 |
