Question

A principal of Rs 10,000 after 2 years compounded annualy, the rate of interest being 10% p.a.

Answer 1

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.