Question

the compound interest on ₹500 for 2 years at 10% p.a​

Answer 1

Answer:

I =P×R×T÷100

I= 500×2×10÷100

l=₹100

Answer 2

Answer:

Let P be the principal and the rate of interest be R% per annum. If the interest is compounded annually, then the amount A and the compound interest C.I. at the end of n years is given by:

A=P(1+R100)n

and

CI=A−PCI=P(1+R100)n−PCI=P[(1+R100)n−1]