Anita takes a loan of rupees 10000 at a compound interest rate of 10% per annum find the compound interest after one year
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Step-by-step explanation:
first we find amount
amount=principle(1+rate\100)^time
=10000(1+10\100)^1
=10000(110/100)
= ₹ 11000
let's find compound intrest
compound interest=(amount - principle)
= ₹(11000 - 10000)
= ₹ 1000
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