Question

calculate the amount when p =1000,R=10%per annum (compounded annually)time 2years
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Answer 1

Answer:

Step-by-step explanation:

I=PNR/100

P=1000

N=2

R=10

1000×2×10÷100

=20000

Answer 2

Step-by-step explanation:

a=1000(1+10/100)raised to the power 2

a=1000(1+1/10) raised to the power 2

a=1000(11/10)raised to the power 2

a=1000(121/100)

a=1000×121/100

a=1210