Question

principle 10000 rate 10% time 2year find the compound interest for 2 year

Answer 1

P= rs10000
rate of interest = 10%
time= 2 years
compound interest= amount- principal
amount = P[ 1+ R/100] power n
= 10000[1+10/100] power 2
100×11×11=12100
compound interest= 12100-10000
= rs2100