Question

find the amount on a sum of ₹1000,for three years when the interest is compounded annually at 10% per annum.​

Answer 1

Answer:

1331

Step-by-step explanation:

A = P(1 + R/100)raised to n

A = 1000(1 + 10/100) raised to n

A = 1000(11/10) raised to 3

A = 1000 X 11/10 X 11/10 X 11/10

A = 1 X 11 X 11 X 11  (zeros get cancelled)

A = 1331

Hope this helps :)