Question

hi guys please help me
chapter = compound interest

1) let us write by calculating at what rate of compound interest per annum, the amount on ₹10,000 for 2year is ₹12100.​

Answer 1

Answer:

10%

Step-by-step explanation:

For compound interest

A = P(1 + R/100)^n

Given,

A = 12100, P = 10000, n = 2,

R =?

Then,

12100 = 10000(1 + R/100)^2

1.21 = (1 + R/100)^2

(1 + R/100) = 1.1

R/100 = 1.1 - 1 = .1

R = .1*100 = 10

RATE OF INTEREST = 10%

Answer 2

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