At what rate of interest (compounded yearly)will Rs.10,000 amount to Rs.12100 in 2 years? Choose one.
A) 11%  B) 8%  C) 10%  D) 9%  E) 7%
10%.I=P(1+R/100)^N   12100=10000(1+R/100)^2   121/100=(1+R/100)^2   (11/10)^2=(1+R/100)   R=10%   ANSWER:10%
<result>C</result>
At what rate of interest (compounded yearly)will Rs.10,000 amount to Rs.12100 in 2 years?