Question: What amount results from Rs 5100 after 2 years at 10% annual compound interest?
- Rs 6171
- Rs 6172
- Rs 6170
- Rs 6173
Correct Answer: A — Rs 6171
Explanation: For annual compounding, amount = principal × (1 + rate/100)^years; interest = amount − principal.
Using the values in this question gives Rs 6171 as the correct answer.