Find. Find amount and compound interest on rupes 10000 for 2 years at 10% per annum compounded annually.
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Answer:
Simple interest= p*r*t/100
10000 × 10 × 3/100
➝ 300000/100
➝ 3000
Amount= p(1+r/100)t
10000 × (1+10/100)³
➝ 10000 × (110/100)³
➝ 10000×110/100×110/100×110/100
➝ 10000×1331000/1000000
➝ 10000×1.331
amount➝ 13310
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