Question:medium

Find the compound interest on ₹5000 at 10% per annum for 2 years.

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For 2 years, you can use the shortcut: $CI = 2 \times (\text{Simple Interest of 1st year}) + (\text{Interest on 1st year's interest})$. Here: $10%$ of $5000$ is $500$. So, $2 \times 500 + (10% \text{ of } 500) = 1000 + 50 = 1050$.
Updated On: May 17, 2026
  • ₹1000
  • ₹1050
  • ₹1100
  • ₹1200
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The Correct Option is B

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