What amount does Kiran get if he invests Rs.8000 at 10% p.a. compound interest for two years, compounding done annually?
A. Rs.9630
B. Rs.9680
C. Rs.9610
D. Rs.9650
E. None of these
Explanation:
A= P{1 + R/100}n
=> 8000{1 + 10/100}22 = Rs.9680