Question

Shankar takes a loan of rupees 10000 at a compound interest rate of 10% per annum find the compound interest for 2 years​

Answer 1

C.I.=p(1+R/100)^T(formula for calculating compound interest)

Step-by-step explanation:

Answer 2

${\huge{\underline {\bf {\purple {Answer}}}}}$

Principal = 10,000

Rate = 10%

Time = 2 p.a

Amount

= p ( 1 + r/100 )^n

= 10000 ( 1 + 10/100) ^2

= 10000 ( 100 + 10/100)^2

= 10000 × 110/100 × 110/100

= 12,100

Compound interest

= A - p

= 12100 - 10000

= 121

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