amit deposit Rs.1000 for 2 years at 10% rate per annum find simple interest and compaund interest
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Answer:
A=P(1+r/100)n
=A=1000(1+10/100)²
=A=1000(1+1/10)²
=A=1000(11/10)²
A=1000*121/100
A=1210
CI=A-P
CI=1210-1000
CI=210
SI=P*R*T/100
SI=1000*10*2/100
SI=200
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