Common Management Admission Test (CMAT) Practice Exam

What is the compound interest on ₹10,000 for 2 years at 10% per annum, compounded annually?

₹2,000 ₹2,050 ₹2,200 ₹2,100

₹2,100

Amount after 2 years = 10,000 × 1.10² = ₹12,100. Compound interest = ₹12,100 − ₹10,000 = ₹2,100.

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