compound interest on rupees 1000 at 10% per annum compounded annually for one year
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For 1 year, compound interest is same as simple interest so,
10% of 1000 = 100
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amount =principal [1+rate/100]whole square
=1000[1+10%/100]2
=1000[11/10]2
=1000×121/100
=RS 1210
compound interest=amount-principle
=1210-1000
=210 RS.
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