The compound interest for 2 years on 100 at the rate of 10% per year, calculated annually is---
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Answer:
Compound Intrest =21
Step-by-step explanation:
Compound interest= principal (1+r/100)
so 100 *(1+10/100)
=11*11=121
Amount=121
Principal=100
Intrest=121-100=21
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