find the compound interest on ₹850 at 10% per annum for two years.
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Answer:
P = ₹850
R = 10 %
T = 2 years
A = P ( 1+R/100)^n
= 850(1+10/100)²
= 850(1+1/10)²
= 850( 11/10)²
= 850 * 11 * 11/ 10 *10
= 1028.5
CI = A - P
= 1028.5 - 850
CI = 178.5
Step-by-step explanation:
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