Question

10.11. Calculate the amount when P= 1000, R = 10% per annum (compounded annually) Time
2 years​

Answer 1

Step-by-step explanation:

a = 1000*(1+10/100)^2

a= 1000*121/100

a= 1210

Answer 2

GIVEN,

P=1000

R=10%

T=2 years

solution:-

taking Formula Amount=P(1+R/100)^n

=> 1000(1+10/100)²

=> 1000(110/100)²

=> 1000(110/100 x 110/100)

after cutting and all

=> 10×11x11

=> 10x121

=> 1210

hence amount is ₹1210

and CI = Amount-principle

so, CI=1210-1000

CI= 121 Rs

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