Question

Shankar takes a lone of ₹10000 at a compound interest rate of 10% per annum

Answer 1

Answer:

Please mention what to find.

Step-by-step explanation:

Lets try to find total cost.

Given, Lone = ₹10000 with 10% annum

For 1 year,

=> 10% of lone + lone

=> 0.10 * 10000 + 10000

=> 1000.00 + 10000

=> ₹11000

Amount will be ₹11000. Answer.

I hope it will help you.

Thank you.

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Answer 2

Step-by-step explanation:

p=10000

t= 1 year

r=10%

a=10000(11/10)

=11000

cp= 11000-10000

=1000