Question

Calculate compound interest on Rs.500 for 2 years at 10% rate of interest compounded annually.​

Answer 1

Answer:

90.91

Step-by-step explanation:

500×10/110×2

500/11×2

1000/11=90.91

Answer 2

Answer:

the answer is -----------

Amount = P(1+r/100)t

a= 500(1+10/100)2

a= 500×110/100× 110/100

a= 605

compound interest = 605-500

= 105

Step-by-step explanation:

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