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    The amount on compound interest of 100 for 2 years at the rate of 10% per annum is
    Question

    The amount on compound interest of 100 for 2 years at the rate of 10% per annum is

    A.

    Rs 121

    B.

    Rs 221

    C.

    Rs 111.21

    D.

    Rs 121.21

    Correct option is A

    The compound interest formula is:

    A = P(1 + R/100)ⁿ

    where:

    • A is the final amount
    • P is the principal amount
    • R is the annual interest rate
    • n is the number of years

    Substituting the given values:
    A = 100(1 + 10/100)²A = 100(1.1)²A = 100 × 1.21A = 121

    Thus, the correct option is A) Rs 121. 

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