Question

find the compound interest at the rate of 10% per annum for 2 years on that principal which in two years at the rate of 10

Answer 1

Answer:

here given 2yrs simple interest =200 that mean 20%(10*2) now 100%-200/20*100=1000 amount will be 1000 now C.I= 1st yr int=100 2nd year interest=100+10(100*10%) =110 TOTAL C.I=100+110=210