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

Rationale: solution = interest % for 1 st year = 10 interest % for 2 nd year = 10 + 10 % of 10 = 10 + 10 * 10 / 100 = 11 total % of interest = 10 + 11 = 21 total interest = 21 % 6000 = 6000 * ( 21 / 100 ) = 1260 answer a
Answer: A