Question

find the compound interest on Rs 850 at 10% per annum for 2 years.

Answer 1

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${\pink{\huge{Rupees\: 178.5}}}$

⭐${\blue{\huge{Explanation}}}$⭐

✔✅Simply use the formula to calculate the compound amount and subtract principle frkm it to get the compound interest✅✔

Formula to claculate compund amount:

CA = P[1+R/100]ⁿ

Where p is principle amount, r is rate of interest and n is the time

Put the values and get CA

CA = 850 [1+10/100]²

CA = 850 [1+1/10]²

CA = 850 [11/10]²

CA = 850 × 11/10 × 11/10

CA = 1028.5

Compund interest = CA - P = 1028.5 – 850 = 178.5

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