The compound interest on Rs. 10 @ 10%
per annum for two years will be
(A) Rs. 2
(B) Rs. 2.10
(C) Rs. 2.20 (D) Rs. 2.30
I want full explanation
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Answer:
10*10/100=Rs 1 which is first year interest
second year principle = 10+1= Rs 11
Second year interest= 11*10/100=Rs 1.10
Total interest in 2 years= 1+1.10= 2.10
Step-by-step explanation:
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