find the amount and the compound interest on rupees 10000 for 2 years at 9% per annum compounded annually
Answers
Answered by
0
Answer:
Amount is Rs.11881 and Compound interest is Rs.1881
Explanation:
A = P (1+R/100) ^ n
Answered by
2
Answer:
Rs 11,881 and Rs 1881
Explanation:
P = Rs 10,000
R = 9% p.a.
n = 2 years
A & CI = ?
A = P ( 1 + r/100 )²
= 10,000 ( 1+ 9/100 )
= 10,000 × 109/100 × 109/ 100
= Ts 11881
CI = A - P
= 11881 - 10000
= RS 1881
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