Question:
If a sum of ₹5,000 is deposited on compound interest at 10% per annum, then the amount received after 2 years is :
If a sum of ₹5,000 is deposited on compound interest at 10% per annum, then the amount received after 2 years is :
Updated On: Mar 11, 2024
- ₹ 6,000
- ₹ 6,050
- ₹ 7,200
- ₹ 8,000
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The Correct Option is B
Solution and Explanation
The correct answer is (B) : ₹ 6,050.
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