Mathematics · Compound Interest

If compound interest, compounded annually, is charged on a certain sum for 2 years at 10% per annum, the amount becomes ₹60,500. Find the sum.

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹55,000
2₹58,000
3₹52,500
4₹50,000✓

Correct answer

₹50,000

Download Single Question PDF

Save this question and verified answer as a clean study sheet with live clickable link.

👥

Share with Friends & Study Groups

Challenge your peer aspirants on WhatsApp or Telegram to solve this question!

Online Test Series

Preparing for Mathematics?

Practice full-length mock tests with real exam timers, instant score analysis, and all-India ranking.

Start Free Mock Test →

Chapter Practice

Want more practice questions on Compound Interest?

Solve complete topic-wise tests with detailed solutions on GkGet.

Practice Compound Interest MCQs →

Recommended practice questions in Mathematics · Compound Interest

Browse More Mathematics →

Which Indian independence movement leader was primarily known for his philosophy and practice of non-violent civil disobedience?

Solve Question→

Who gave the call for 'Do or Die' during the Quit India Movement in 1942?

Solve Question→

Which of the following revolutionary pairs were imprisoned together in Cellular Jail and faced harsh conditions, contributing significantly to the Indian independence movement?

If compound interest, compounded annually, is charged on a certain sum for 2 years at 10% per annum, the amount becomes ₹60,500. Find the sum.

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Mathematics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

If compound interest, compounded annually, is charged on a certain sum for 2 years at 10% per annum, the amount becomes ₹60,500. Find the sum.

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Mathematics?

Related Practice Questions

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions