Question

Find the compound interest in 10,000 for 1 year at 10 % per annum

Answer 1

Answer:

interest = p×r×t/100

=10000×1×10/100

=rs.1000

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Answer 2

compound interest: 10000(1+10/100)

= 10000×11/10

=11000

c.i=amount- principal

=11000-10000

=1100