A principal of Rs 10,000 after 2 years compounded annualy, the rate of interest being 10% p.a.
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principal - 10,000
time - 2 yrs.
rate - 10 percent p. a
amount - p*1+r/100"n
10000*1+10/100"2
10000*11/10*11/10=12100
Compound Interest - Amount -Principal
=12100-10000
=2100.
Hope it will help you.
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