Question

Find the compound interest if ₹ 1000 are invested for 2 years at the rate of 10 p.c.p a​

Answer 1

Answer:

dha jal 2000 ₹ marko nhi diya to samja

Answer 2

Given data:

• Principal, P = ₹1000
• Time, t = 2 years
• Rate of compound interest, r = 10% p.a.

To find: compound interest

Step-by-step explanation:

We know that, for compound interest,

• Amount = ₹ P (1 + r/100)ᵗ
• = ₹ 1000 (1 + 10/100)²
• = ₹ 1000 (1 + 1/10)²
• = ₹ 1000 {(10 + 1)/10}²
• = ₹ 1000 (11/10)²
• = ₹ 1000 × 121/100
• = ₹ 10 × 121
• = ₹1210

Thus, compound interest = Amount - Principal

= ₹ (1210 - 1000)

= ₹210

Answer: compound interest = ₹210

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