Question:medium

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

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For 2 years at 10%, the effective interest rate is always $21\%$ ($10 + 10 + \frac{10 \times 10}{100}$).
$21\% \text{ of } 5000 = 1050$. This is much faster for multiple-choice questions!

Updated On: May 15, 2026

₹1000
₹1025
₹1050
₹1100

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The Correct Option is C

Solution and Explanation

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

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The Correct Option is C

Solution and Explanation

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