Explanation:

To calculate compound interest, we use the formula:

$$ A = P \left(1 + \frac{r}{n}\right)^{nt} $$

Where:

- \( A \) is the amount of money accumulated after n years, including interest.

- \( P \) is the principal amount (Rs24,000 in this case).

- \( r \) is the annual interest rate (10%, or 0.10).

- \( n \) is the number of times interest is compounded per year (annually, so 1).

- \( t \) is the number of years the money is invested or borrowed (2 years).

- Plug in the values:

$$ A = 24000 \times \left(1 + \frac{0.10}{1}\right)^{1 \times 2} $$

- After calculations:

$$ A = 24000 \times (1.10)^2 = 24000 \times 1.21 = 29040 $$

- Therefore, Compound Interest = \( A - P = 29040 - 24000 = 5040 \)

- Option 1: Rs5,280

- Option 2: Rs4,820

- Option 3: Rs6,080

- Option 4: Rs5,040

The compound interest is Rs5,040.