What would be the compound interest on a sum of rupees 2018 at the rate of 7% for a period of 2 years?

Question

What would be the compound interest (compounded annually) on a sum of rupees 2018 at the rate of 7% for a period of 2 years?

Answer 1

151.1482 rupees

---

year one
2018 rupees- principal
141.26 rupees- interest 7% of 2018 rupees
year two
2018+141.26= 2159.26 rupees- new principal
151.1482 rupees- interest 7% of 2159.26