Question

3 The compound interest on 1000 at 10% Pa compounded
annually for 2
year is​

Answer 1

Answer:

P- 1000

R- 10 %

T= 2 years

formula for amount = p(1+r/100) ^t

1000(1+10/100) ^2

1000(11/10) ^2

1000(11/10) (11/10)

1210

A=1210

C•I= A-P

C•I = 1210-1000

C•I= 210