The amount on a sum of ₹3,300 at 10%
The amount on a sum of ₹3,300 at 10% per annum compound interest, compounded annually, in 2 years will be:
₹3,300 के मूलधन पर वार्षिक रूप से संयोजित 10% वार्षिक चक्रवृद्धि ब्याज की दर से 2 वर्षों में प्राप्त मिश्रधन ज्ञात कीजिए।
Detailed Solution & Logic
Correct Answer:
₹3,993
Given: Principal P = ₹3300,
Rate R = 10% per annum,
Time T = 2 years
Compound Interest Formula: A = P $ (1 + \frac{R}{100})^T $
$ A = 3300 \left(1 + \frac{10}{100}\right)^2 $
$ A = 3300 \left(1 + 0.1\right)^2 = 3300 (1.1)^2 $
$ A = 3300 \times 1.21 = 3993 $
Answer: ₹3,993 ✅
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