Find the compound interest at the rate of 10% per annum for two years on that
principal which in two years at the rate of 10% per annum gives Rs 200 as simple
interest.
Answers
Answered by
5
Answer:
Rs. 210
Step-by-step explanation:
Okay here we need to find out the principal from the second situation where
S. I = 200
T= 2 years
R= 10%
As you know,
P = S. I X 100/ R X T
So,
= 200 X 100/ 10x2
P = Rs. 1000
Now,
To calculate C. I let's calculate the interest for two different years.
Interest for 1st year = PxRxT/100
=1000x 10x 1/100
= Rs. 100
Principal for 2nd year will 1100 because we add the interest to the original principal to calculate the interest for next year.
Now,
Interest for 2nd year = PxRxT/100
= 1100x10x1 / 100
= Rs. 110
So the total interest is 100+110
which is Rs. 210.
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