Mathematics · Compound Interest
Naresh deposited a sum of Rs. 10,000 at a 10% rate of interest per annum, compounded annually. The total amount received by Naresh after 2 years is:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Rs. 12,100✓
- 2Rs. 12,000
- 3Rs. 12,200
- 4Rs. 12,010
Correct answer
Rs. 12,100
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