find compound interest and amount when p= 10000 ,t =2 years , r= 11%
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Asked on December 26, 2019 by
Shree Kamath
Rs 10000 for 2 years at 11% per annum is compounded annually. Find the amount of interest.
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ANSWER
Given,
Principal=Rs. 10000
Rate =11%
Time =2 years
Compound=P(1+
100
r ) 2
=10000(1+ 10011 ) 2
=10000× 10000
(111)
2
=12321
Amount=12321−10000=2321.
Answered by
1
Answer:
Given,
Principal=Rs. 10000
Rate =11%
Time =2 years
Compound=P(1+
100
r
)
2
=10000(1+
100
11
)
2
=10000×
10000
(111)
2
=12321
Amount=12321−10000=2321.
Step-by-step explanation:
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