Question

5. The compound interest on 10 at the rate of
10% per annum for two years will be​

Answer 1

Answer:

compound interest after 2yrs of 1000 Rs at the rate 10% per annum is 210 Rs. it is given that principal , P = 1000 Rs. = 210 Rs. hence, compound interest = 210 Rs.

Answer 2

Step-by-step explanation:

A = P (1+r/100)n

= 10 (1+10/100)²

= 10 (1+10)²

= 10(11)²

= 10×121

= 1210

C.I = A - P = 1210 - 10 = 1200