Q92
A certain sum will amount to Rs 12100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is = ?
A.
Rs. 12000
B.
Rs. 6000
C.
Rs. 8000
D.
Rs. 10000
AnswerAnswer: Option D
Solution
Answer: Option D
Solution:
Given,Amount = 12,100; r = 10%, t = 2 yrs