Question

* Example-10
Find the amount on a sum of 1500 for 2 years at
the rate of 10% per annum compounded annually.
Hence find the compound interest.​

Answer 1

Answer:

the amount is 1815 and compound interest is 315.

Answer 2

Answer:

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

therefore 1500*(1+10/100)^2

1500*11/10*11/10

15*11*11

15*121

1815