Find the compound interest on ₹1000 for 2 years at the 10% per annum compounded annually
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Interest=
p[1+r/100]^2
1000[1+1/100]^2
1000[11/10]^2
1000×11/10×11/10
110×11=1210
interest=amount-PrinCipAl
1210-1000
210 is interest
p[1+r/100]^2
1000[1+1/100]^2
1000[11/10]^2
1000×11/10×11/10
110×11=1210
interest=amount-PrinCipAl
1210-1000
210 is interest
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