Question

pls answer
Find the amount if Rs. 10,000 is invested at 10% p.a. for 2 years when compounded annually?​

Answer 1

Answer:

12,100

Step-by-step explanation:

Given:

Principle (P) = 10,000

Rate (R) = 10% i.e. 0.1%

Time (N) = 2 yrs

$CI = P[(1 + i)^n]$

$CI = 10,000[(1 + 0.1)^2]$

$[(1.1)^2] = 1.21$

CI = 10,000 × 1.21 = 12,100