Math, asked by bajajkashish527, 1 month ago

Find the amount to be paid at the end of 2 years if the money borrowed is Rs. 1000 at 10% p.a. compounded annually​

Answers

Answered by nandi24
0

Answer:

Rs 1200

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Answered by amitnrw
1

Given :  money borrowed is Rs. 1000 at 10% p.a. compounded annually​

To Find : Amount to be paid at the end of 2 years

Solution:

P = 1000

R % = 10 %

n = 2  

A = P ( 1 + R/100)ⁿ

A = 1000 ( 1 + 10/100)²

=> A = 1000 ( 11/10)²

=> A = 1000 ( 121/100)

=> A = 1210

Hence, amount to be paid at the end of 2 years is Rs 1210

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