issb mathematics MCQ #41

Compound interest on Rs 1000 at 10% for 2 years (annual)?

issb mathematics MCQ #41

  1. Question 1

    Q1. Compound interest on Rs 1000 at 10% for 2 years (annual)?

    • A) Rs 200
    • B) Rs 210
    • C) Rs 220
    • D) Rs 1210 total only

    Answer: Rs 210

    Explanation: Year 1: 1100. Year 2: 10% of 1100 = 110. Interest total = 210. Option D confuses total amount with interest only.