Question

The amount on Rs 1000 for 2 years at 10% per annum what is the compound annually​

Answer 1

Answer:

SI=p×r×t/100

p=1000

r%=10%

T=2yrs

SI=1000×10×2/100

=200

Amount=P+SI

=1000+200

=1200

Answer 2

Answer:

use the formula p(1+r/100)^n

here you should take p =1000, r=10%, n= 2

so that you will obtain the answer as 210 rupees..

p(1+r/100)^n

1000 (1+10/100)^2

1000(110/100)^2

1000×110/100×110/100

=₹ 210