Question

12) The compound interest on Rs. 1000 at 10% per annum for one year is

Answer 1

Answer:

Principal = ₹1000

rate = 10 %

time = 1 year.

Amount =

$p \times (1 + \frac{10}{100} ) {}^{1} \\ 1000 \times \frac{11}{10} \\ 1100$

₹1100

CI = AMOUNT - PRINCIPAL

= 1100-1000

= 100