A sum of ₹ 5,340 is invested at a compound interest rate of 10\% per annum. What will be the total amount after 2 years? - Quantitative Aptitude MCQ Competitive Exam 2026 | ExamTest.live

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A sum of ₹ 5, 340 is invested at a compound interest rate of 10% per annum. What will be the total amount after 2 years?

Solution & Step-by-step Explanation

Using the compound interest amount formula: A = P (1 + \frac{R}{100})^{n} Where P = 5340, R = 10, and n = 2 . A = 5340 (1 + \frac{10}{100})^{2} A = 5340 \times (1.1)^{2} A = 5340 \times 1.21 = 6461.4 The amount after 2 years will be ₹ 6, 461.4 .

Try it yourself before checking the explanation above.

A sum of ₹ 5, 340 is invested at a compound interest rate of 10% per annum. What will be the total amount after 2 years?

₹ 6,461.4

₹ 6,541.4

₹ 6,451.4

₹ 6,441.4

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