shankar takes a loan of Rs 10000 rate of 10% . find the sum of money required to clean the debt at the end of 2 years
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12100
Step-by-step explanation:
- principle- 10000
rate- 10%
time- 2yrs
⇆
p× r× t÷ 100 -----formula
1sr year= 10000 × 10 × 1 ÷100
= 1000= 10000+1000= 11000
2nd yr= 11000 × 10× 1 ÷ 100
= 1100+11000= 12100
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