Same chapter3 marksDifficulty: Easy
Find the compound interest on ₹12,000 for 2 years at 15% per annum, compounded annually.
Compound Interest
1 markDifficulty: Easy
The compound interest on ₹1,000 for 1 year at 10% per annum, compounded annually, is:
- a₹100
- b₹110
- c₹200
- d₹10
Original Khojo Papers practice question — not from a past board paper.
Answer
₹100
No citable source has been recorded for this record. Treat it as practice material, not as fact.
Explanation
For one year compound interest and simple interest are the same.
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