100,000 3years 10℅ what is compound interest?
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Answer:
Principal =100,000
T=2 years
R=10% per annum
A=P(1+
100
R
)
T
⇒ A=100000×(1+
100
10
)
2
⇒ A=100000×
100
121
⇒ A=Rs.1,21,000
⇒ C.I.=A−P=Rs.1,21,000−Rs.1,00,000=Rs.21,000
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