Question

Shankar takes a loan of rupees 10000 at compound interest rate of 10% per annum find the sum of money required to clean the Dept at the end of 2 years

Answer 1

Answer:

P - 10,000 R- 10 percent T - 2 years

Formula - P× R× T

------------

100

10,000 ×10×2

---------------------

100

for simple interest

ans - 2000 + 10000( the loan will be added) 12000 ÷24 (the month's of 2 years )

total Ans - 500

Answer 2

Answer

We use formula : si=p×r×t / 10

P =10000

R=10%

T=1

SI=p×r×t / 100

10000×10×1 / 100. (Cut 0)

100×10

Si= 1000

P=si+p

10000+1000

11000

Si= p×r×t / 100

Si= 11000×10×1 / 100. (Cut 0)

110×10

1100

Ci=si+si

1000+1100

2100

2100×10

21000-10000

12100