The amount on a sum of ₹2500 at 18% per annum compound interest, compounded annually, in 2 years will be:
₹3481
Amount = \( P\left(1+\frac{R}{100}\right)^n \).
\( A=2500\left(1+\frac{18}{100}\right)^2=2500\times(1.18)^2=2500\times1.3924 \).
\( A=3481 \).
Hence, the amount after 2 years will be ₹3481.
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