Mathematics · Compound Interest

What will be the compound interest earned on a principal amount of Rs. 15000 at 10% per annum compounded annually in two years?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1Rs. 3,300
2Rs. 2,600
3Rs. 2,850
4Rs. 3,150✓

Correct answer

Rs. 3,150

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What will be the compound interest earned on a principal amount of Rs. 15000 at 10% per annum compounded annually in two years?

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