calculate compound interest on 1000 period of 1 year at10% per annum,if imtrest is compounded annually?
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CI=P{(1+R/100)^N-1}
=1000{(1+10/100)-1}
=1000{(11/10-1)}
=1000*1/10
=100
CI=Rs100
=1000{(1+10/100)-1}
=1000{(11/10-1)}
=1000*1/10
=100
CI=Rs100
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