Question

Rs 10000 for 2 years at 11% per annum compounded annually
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Answer 1

Answer:

12,231Rs

Step-by-step explanation:

for 1st year c.i is 11% of 10,000=1100

for 2nd year c.i is 11% of 11100=1221

so total c.i=1100+1221=2321rs

Amount for 2 years= 10,000+2321=12,321 rs

hope you understand

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