Question

Find the simple interest for Rs.10,000/- at 10% p.a for 2 years . Calculate compound interest also. Which is

beneficial?.​

Answer 1

Answer:

2000

Step-by-step explanation:

simple interest=10000×10×2upon 100

= 2000

Answer 2

answer is 10500

1st find out the principal.

s.i is 10000for 2 year 10% interest so principal is 50000 1st year c.i 5000 + 2nd yr 5000+ 500