Question

Calculate the compound interest on Rs. 9000 for 2 years at 10% p.a.​

Answer 1

Answer:

Rs.1890

Step-by-step explanation:

Principal (P) = Rs.9000

Rate (R) = 10% p.a.

Time (n) = 2 years

Amount (A) = P (1 + R/100)ⁿ

=> A = 9000 (1 + 10/100)²

=> A = 9000 (11/10) (11/10)

=> A = Rs.10890

Compound Interest = A-P = Rs.(10890-9000) = Rs.1890

Answer 2

Answer:

Answer:

Rs.1890

Step-by-step explanation:

Principal (P) = Rs.9000

Rate (R) = 10% p.a.

Time (n) = 2 years

Amount (A) = P (1 + R/100)ⁿ

=> A = 9000 (1 + 10/100)²

=> A = 9000 (11/10) (11/10)

=> A = Rs.10890

Compound Interest = A-P = Rs.(10890-9000) = Rs.1890