0.11. Calculate the amount when P= 1000, R = 10% per annum (compounded annually) Time
2 years
Answers
Answered by
1
Step-by-step explanation:
Here, Principal P = Rs. 1000
R =10% per annum and n=2 years
∴ Amount after 2 years = P (1+
200
R
)
2n
= Rs. 1000×(1+
200
10
)
2×2
=Rs.1000×(1+
20
1
)
4
=Rs.1000×(
20
21
)
4
= Rs.1000×
20
21
×
20
21
×
20
21
×
20
21
=Rs.1215.50
Hence, compound interest = Amount - Principal
=Rs.1215.50−Rs.1000=Rs.215.50
Answered by
0
Answer:
Rs. 210
Step-by-step explanation:
P = Rs. 1000
Rate = 10% p.a
Time = 2 years
C.I = P (1+r/100)^n - P
= [1000(1+10/100)^2] - 1000
= [1000(1+1/10)^2] - 1000
= [1000*11/10*11/10] - 1000
= 1210-1000
= Rs. 210
Hope this helps.
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