Mathematics · Compound Interest

What will be the total amount obtained after 2 years on a principal of ₹16,700 at a compound interest rate of 10% per annum, compounded annually?

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1₹20,507
2₹20,407
3₹20,307
4₹20,207✓

Correct answer

₹20,207

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What will be the total amount obtained after 2 years on a principal of ₹16,700 at a compound interest rate of 10% per annum, compounded annually?

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What will be the total amount obtained after 2 years on a principal of ₹16,700 at a compound interest rate of 10% per annum, compounded annually?

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