Find C .I on 10,000 Rs at per annun compoundes annually. 10%for 1year.
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Answer:
Amount= P(1+r/100) ^n
P=10000, r=10 , n = 1
10000(1+10/100) ^1
10000 x 110/100
11000
CI=11000-10000
CI=₹1000
Hope it helps you!
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