Question

*In how many years the amount for Rs. 10000 becomes Rs. 12100 at 10% compound interest?*

1️⃣ 1
2️⃣ 2
3️⃣ 3
4️⃣ 4​

Answer 1

Answer:

12100=10000(1+10/100)n

12100/10000=(11/10)n

(11/10)2=(11/10)n

n=2 years