Question

find the compound interest on rupees 160000 for 2 years at 10% per annum when compounded annually

Answer 1

Here is your answer..

Solution:-
Principal=160000
Rate =10℅
Time =2 year

So,
We will find C.I by using formula:-
$= > ci = p {(1 + \frac{r}{100}) }^{2} - p$
$= > ci = 160000 {( \frac{100 + 10}{100}) }^{2} - 160000$
$= > ci = 160000 {( \frac{110}{100} )}^{2} - 160000 \\ = > ci = 160000 { (\frac{11}{10}) }^{2} - 160000$
$= > ci = 160000 \times \frac{121}{100} - 160000 \\ = > ci = 193600 - 160000 \\ = > ci = 33600$
Hope it helps you....☺️☺️

$= > ci = 160000 {(1 + \frac{10}{100}) }^{2} - 160000$