If the compound interest on a sum of Rs.5000 at the rate of 10% per annum is Rs.1050, then time period is (Interest compounded yearly)	Select.
A) 1 YRS	B) 21/2 YRS	C) 3 YRS	D) 2 YRS	E) 4 YRS
amount=5000+1050= 
<gadget id="calculator">5000+1050</gadget>
<output>6_050</output>
6050   C.I=P(1+R/100)^n   6050=5000(1+10/100)^n   6050/5000=(11/10)^n   121/100=(11/10)^n   (11/10)^2=(11/10)^n   n=2 yrs .   ANSWER:2 YRS
<result>D</result>
If the compound interest on a sum of Rs.5000 at the rate of 10% per annum is Rs.1050, then time period is (Interest compounded yearly)