Mathematics · Compound Interest

If the principal amount is Rs. 1000, the interest rate is 5% per year compounded annually, and the time period is 2 years, what is the total amount after 2 years?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 1102.5✓
2Rs. 1100.5
3Rs. 1000
4Rs. 1200

Correct answer

Rs. 1102.5

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 of the following events is considered a major turning point that fueled Indian nationalism during British rule due to its brutal nature and widespread condemnation?

Solve Question→

Which of the following events is considered the first major peasant uprising against the British in India?

Solve Question→

If the principal amount is Rs. 1000, the interest rate is 5% per year compounded annually, and the time period is 2 years, what is the total amount after 2 years?

Download Single Question PDF

Share with Friends & Study Groups

Preparing for Mathematics?

Practice by Subject

Practice by Exam

Topic-Wise Solved Questions

If the principal amount is Rs. 1000, the interest rate is 5% per year compounded annually, and the time period is 2 years, what is the total amount after 2 years?

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