Question

please answer quick
The compound interest on Rs 1000 at 10 % p.a. for 1 year compounded annually
is​

Answer 1

Step-by-step explanation:

1000 × 10/100 × 12/12 = 100

It means

₹ 1000 is the principal amount

10% is the rate of interest

1 year is the period of time [ As we all know that

1 year = 12 months ]

So,

₹100 is the answer