Question
Find the compound interest on Rs. 10,000 at 10% per
annum for 2 years, compounded annually.Solution
ATQ, Amount A = P * (1 + R/100)T P = 10000, R = 10, T = 2 A = 10000 * (1 + 10/100)2 = 10000 * (1.1)2 = 10000 * 1.21 = 12100 CI = A - P = 12100 - 10000 = 2100
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