Question
Mathematics Question on SI & CI
If a sum of ₹5,000 is deposited on compound interest at 10% per annum, then the amount received after 2 years is :
A
₹ 6,000
B
₹ 6,050
C
₹ 7,200
D
₹ 8,000
Answer
₹ 6,050
Explanation
Solution
The correct answer is (B) : ₹ 6,050.