Question

annually
Shankar takes a loan of 10,000 at a compound interest rate of 10% per annum (p.a.)
(1) Find the compound interest after one year.
(ii) Find the compound interest for 2 years.
(iii) Find the sum of money required to clean the debt at the end of 2 years.
(iv) Find the difference between the compound interest and the simple interest at the same rate for 2 years.​

Answer 1

Answer:

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