- A1881
- B1800
- C1818
- D1981
Step-by-Step Solution
Amount = , so the compound interest = 11881 − 10000 = ₹1881.
Answer: A) 1881
Priya's fixed deposit of ₹10,000 earns 9% per annum, compounded annually. How much interest (in ₹) does it earn in 2 years?
Competition practiceSimple & Compound Interest
Master this topic in 30 minutes a day.
Don't just memorise the answer — build a daily practice habit.
Practice 5 Similar Questions Free →All Simple & Compound Interest practice questions
More Simple & Compound Interest practice
A sum of money at simple interest amounts to ₹9200 in 3 years and to ₹9800 in 5 years.…On a sum lent for 2 years at 8% per annum, compound interest exceeds simple interest by…A sum of money doubles itself in 8 years at simple interest. Find the rate of interest…Over 3 years at 10% per annum, compound interest (compounded annually) on a sum exceeds…Mr. Bose invests ₹12500 at 7% per annum simple interest. How much interest (in ₹) does…