In how many years will a sum of ₹1,000 become ₹1,210 at 10% compound interest per annum?

A

1 year
B

2 years
C

3 years
D

4 years

Explanation:

The sum will amount to ₹1,210 in 2 years at 10% compound interest

Finding Something Else?

Read the Complete Topic

This question belongs to the set "Mathematics Practice Quiz on Simple and Compound Interest". Click below to read detailed notes and attempt the full quiz.

View Full Post →

Try These Similar MCQs

If the principal is ₹1,000, the rate of interest is 5% per annum, and the time is 2 years, what is the simple interest?

If the interest is compounded half-yearly, how many times per year is the interest compounded?

The simple interest on a sum of ₹12,000 at 6% per annum for 4 years is:

In compound interest, if the interest is compounded quarterly, the number of compounding periods in a year is:

The simple interest on ₹5,000 at 8% per annum for 3 years is:

If ₹6,000 becomes ₹7,200 in 2 years at simple interest, what is the rate of interest?

Explore Related Study Material

Note

Basics Of Profit And Loss

May 12, 20201.4k views View →

Note

Various Type Of Numbers

Nov 23, 20192.2k views View →

$Introduction of Point slope form: Different Techniques of equation of a line$ Note

Introduction of Point slope form: Different Techniques of equation of…

Apr 10, 202319.4k views View →

Quiz

Mathematics – Important Questions Quiz

May 20, 2026105 views View →