Multiple choice

What will be the compound interest accrued on an amount of Rs 9500 at the rate of 10 p.c.p.a. after 2 years?

  1. Rs 1975

  2. Rs 1985

  3. Rs 1965

  4. Rs 1955

  5. None of these
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Compound Interest formula: A = P(1 + r/100)^n. For P = 9500, r = 10%, n = 2: A = 9500(1.1)^2 = 9500 × 1.21 = Rs. 11495. Compound Interest = A - P = 11495 - 9500 = Rs. 1995. This exact amount (Rs. 1995) is NOT in options A-D, so 'None of these' (E) is correct.

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