QNETT. Calculate the amount when pa 1000, R = 10% per annum (compounded annually) Time
2 years
Answers
Answered by
22
Answer:
The amount is Rs. 1210.
Step-by-step explanation:
Solution :
Principal = Rs. 1000
Rate = 10%
Time = 2 years
⇒ Amount = 1000(1 + 10/100)²
⇒ Amount = 1000(110/100)²
⇒ Amount = 1000(11/10)²
⇒ Amount = 1000 × 11/10 × 11/10
⇒ Amount = 10 × 11 × 11
⇒ Amount = 121 × 10
⇒ Amount = 1210
Amount = Rs. 1210
The amount is Rs. 1210.
Answered by
7
Q. Calculate the amount when pa 1000, R = 10% per annum (compounded annually) Time 2 years
- P .A = ₹1000
- 10% per annum.
- Time = 2years.
- Compound interest = ??
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