Question

Calculate the amount and compound interest on rs 10000 for 1 year at 9% per annum compounded annually.the one with correct answer will get free 20000$

Answer 1

We know that

compounded Amount= CA = P((1+i)^n

P = Principal Amount = 10000

i = Rate of interest Per Annum = 9%

n = Time = 1 year

CA= 10000(1 + 9/100)^1

= 10000(1 + 0.09)

=10000(1.09)

=10900



Compound Interest = Compounded Amount - Principal Amount

= 10900 - 10000

=900

Answer 2

Here is your answer in attachment
Hope it helps you