What is the compound interest paid on a sum of Rs.6000 for the period of 2 years at 10% per annum.  Choose the correct choice from the following options:	A) 1260	B) 1320	C) 1200	D) 1250	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 % 6000 = 6000 * (21/100)= 
<gadget id="calculator">6000 * (21/100)</gadget>
<output>1_260</output>
1260   1260nswer 1260
<result>A</result>
What is the compound interest paid on a sum of Rs.6000 for the period of 2 years at 10% per annum.