Find the compound interest for Rs.100 for 2 years at the rate of 10 p.c.p.a
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Answer:
21 Rs
Step-by-step explanation:
Amount = 100(1 + 10/100)^2
= 100 × (11/10)^2
= 100 × (121/100)
= 121 Rs.
CI = 121 - 100 = 21Rs.
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the compound interest for Rs.100 for 2 years at the rate of 10 p.c.p.a will be 21 rupees
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