The simple interest on a certain sum for 2 years at 10% per annum is Rs.90. The corresponding compound interest is:
Rs.99
Rs.95.60
Rs.94.50
Rs.108
Explanation:
Sum = Rs. (100×1902×10)(100×1902×10) = Rs.450
C.I = Rs. [450×(1+10100)2−450][450×(1+10100)2−450] = Rs.94.50
Sum = Rs. (100×1902×10)(100×1902×10) = Rs.450
C.I = Rs. [450×(1+10100)2−450][450×(1+10100)2−450] = Rs.94.50