Math, asked by arnab3404x, 2 months ago

Find the amount on Rs 10000 for 2 years at 11% per annum compounded annually.​

Answers

Answered by soniyakakandikar
0

Answer:

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Step-by-step explanation:

Answered by kumardigalraj2005
1

Amount for the fist year = 10000

Time=1

percentage = 11

Simple interest for the first year= 10000×1×11/100

=1100

Amount at the end of first year = Amount+ simple interest

=10000+1100=11,100

Simple interest for the second year = 11100×1×11/100

=1221

Amount at the end of the second year=11100+1221

=12321

Compound interest = simple interst-amount

=12321-10000=2321

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