Question

Calculate the Compound Interest for 2 years at the rate of 10% while the Principalamount is Rs.10000

Answer 1

Answer:

here is you answer

Step-by-step explanation:

P=Rs10000

R=10%

T=2

Interest for the 1st year = Rs 10000×10×1/100​=Rs1000

Amount after the 1st year = Rs 10000+Rs1000=Rs11000

Interest for the 2nd year = Rs 11000×10×1/100​=Rs1100

Amount after the 2nd year = Rs 11000+ Rs 1100 = Rs12100

∴ Compound Interest =Rs12100−Rs10000=Rs2100

Answer 2

Answer:

12100

Step-by-step explanation:

c.i.=p(1+r/100)^n

c.i.=10000(1+10/100)^2

c.i=10000(110/100)^2

c.i=110^2

c.i = 12100