if p is principle then compound interest at the rate of 10 % per annum compounded annually for 2 years
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A = p(1+10/100)²
A = p(11/10)²
A = p×121/100
CI = A-p
= 121/100p-p
= (121p-100p)/100
= 21/100p
= 0.21p
A = p(11/10)²
A = p×121/100
CI = A-p
= 121/100p-p
= (121p-100p)/100
= 21/100p
= 0.21p
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