What is the compound interest paid on a sum of Rs.4500 for the period of 2 years at 10% per annum.
Choose the correct choice from the following answers.
A) 945 B) 620 C) 610 D) 600 E) None of these
Solution= Interest % for 1st year= 10   Interest % for 2nd year= 10+ 10% of 10= 10+ 10 *10/100= 
<gadget id="calculator">10+ 10 *10/100</gadget>
<output>11</output>
11   Total % of interest= 10 + 11= 
<gadget id="calculator">10 + 11</gadget>
<output>21</output>
21   Total interest= 21 % 4500 = 4500* (21/100)= 
<gadget id="calculator">4500* (21/100)</gadget>
<output>945</output>
945   945nswer 945
<result>A</result>
What is the compound interest paid on a sum of Rs.4500 for the period of 2 years at 10% per annum.