The compound interest on ₹10,000 for 2 years is ₹2,100, compounded annually. The rate of interest is

CA Foundation · Quantitative Aptitude · MTP · September 2026
The compound interest on ₹10,000 for 2 years is ₹2,100, compounded annually. The rate of interest is
(A) A. 10%
(B) B. 12%
(C) C. 15%
(D) D. 18%

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. 10%

Topics: Part-A: Business Mathematics

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