Question

compound interest on rupees 1000 at 10% per annum compounded annually for one year​

Answer 1

For 1 year, compound interest is same as simple interest so,

10% of 1000 = 100

Answer 2

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.