Question
A sum of Rs. 10,000 is borrowed by Akshit for 2 years at
an interest of 10% compounded annually. Find the compound interest and amount he has to pay at the end of 2 years.Solution
Given Data Principal (P) = Rs. 10,000 Rate (r) = 10% per year Time (t) = 2 years Calculate the Amount 
Hence, Total Amount to be paid = Rs. 12,100 and Compound Interest = Rs. 2,100Â
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