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Shaktibhai144:
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Answer is true in first year amount will be 110 and second year it will become 121 at the rate 10%compounded
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A=P(1+R/100)^n
Where A is amount
P is the principle
R is the rate of interest
And n is the number of years..so here,
A=100(1+10/100)^2
A=100*11/10*11/10
A=₹121
Hence, the statement given is true
Where A is amount
P is the principle
R is the rate of interest
And n is the number of years..so here,
A=100(1+10/100)^2
A=100*11/10*11/10
A=₹121
Hence, the statement given is true
good.
correct ans
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