Question

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 given Rs. 200 as simple interest.​

Answer 1

Answer:

SI

=PRT100

∴P=SI×100RT

=200×10010×2

= Rs 1, 000

A = P

(1+R100)n

=1,000(1+10100)2

=1,000(1.10)2

= Rs 1, 210

Now,

CI = A - P

= Rs 1, 210 - Rs 1, 000

= Rs 210