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What is the compound interest on ₹4,000 for 2 years at 10% per annum, compounded annually?

844Medium DSSSB TGT Computer Science 0 replies

What is the compound interest on ₹4,000 for 2 years at 10% per annum, compounded annually?

  • A₹800
  • B₹820
  • C₹880
  • D₹840
Correct answer: D

Explanation

Amount = 4000 × (1.1)² = ₹4,840, so CI = 4,840 − 4,000 = ₹840.

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