What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually? Options: A . &nbspRs.9630 B . &nbspRs.9680 C . &nbspRs.9610 D . &nbspRs.9650 E . &nbspNone of these

Answer: Option E A= P{1 + R/100} n => 8000{1 + 10/100} 2 = Rs.9680

What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest

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What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?

Answer: Option E

A= P{1 + R/100}ⁿ => 8000{1 + 10/100}² = Rs.9680

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