In what time will 1000 rupees amount to rupees 1210 at 10% peace annum if the interest is compounded anually
Answers
Answered by
5
⚡Hey mate⚡
✨Here is your answer✨
Net ammount is = 1000
Amount with interest is = 1210
Rate is = 10 %
1st year intrest of 1000 rupees is
1000 × 10 ÷ 100 = 100
1st year total amount is = 1000 + 100 = 1100
2nd year compound interest is
1100 × 10 ÷ 100 = 110
Total ammount is = 1100 + 110 = 1210
It means answer is 2 years.
1000 rupees will be 1210 in 2 years.
I hope it's helpful for you. Thank you ❤️
✨Here is your answer✨
Net ammount is = 1000
Amount with interest is = 1210
Rate is = 10 %
1st year intrest of 1000 rupees is
1000 × 10 ÷ 100 = 100
1st year total amount is = 1000 + 100 = 1100
2nd year compound interest is
1100 × 10 ÷ 100 = 110
Total ammount is = 1100 + 110 = 1210
It means answer is 2 years.
1000 rupees will be 1210 in 2 years.
I hope it's helpful for you. Thank you ❤️
Similar questions