Question

find the compound interest on 1000 at 10 per annum for 2 years

please guys help to solve it​

Answer 1

Answer:

compound interest after 2yrs of 1000 Rs at the rate 10% per annum is 210 Rs. it is given that principal , P = 1000 Rs. = 210 Rs. hence, compound interest = 210 Rs.

Answer 2

Step-by-step explanation:

It is given that principle= 1000 Rs

Rate of interest, r = 10% per annum

Time = 2 years

Using formula:

C.I = P[ 1+r/100)^n -1]

1000 [( 1+10/100)^2 -1 ]

1000 [(1.1)² - 1 )]

1000 [ 1.21 -1 ]

1000 × 0.21

= 210 Rs

Hence , the compound interest= 210 Rs

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