Question

Rs. 2100 is lent at compound interest of 5% per annum for 2 years. Find the amount after two years.
A.Rs. 2300
B.Rs. 2315.25
C.Rs. 2310
D.Rs. 2320

Answer 1

option B)
1st year interest=105
2nd year interest=110.25
total interest=215.25
Amount=principal+interest
hence....2100+215.25=2315.25