What amount results from Rs 5500 after 2 years at 10% annual compound interest?

Question: What amount results from Rs 5500 after 2 years at 10% annual compound interest?

1. Rs 6656
2. Rs 6655
3. Rs 6654
4. Rs 6657

Correct Answer: B — Rs 6655

Explanation: For annual compounding, amount = principal × (1 + rate/100)^years; interest = amount − principal.
Using the values in this question gives Rs 6655 as the correct answer.