Question

The compound interest on Rs 10 @10% per annum for two years will be:​

Answer 1

Answer:

12.1 is your answer

Step-by-step explanation:

this is our answet

Answer 2

The compound interest on Rs 10 @10% per annum for two years will be 2.1 rupees.

Step-by-step explanation:

• Given data

        Principal (P) =  10 Rs

        Rate of interest (R) = 10% per annum

        Time(t) =  2 years

• We know the formula of compound interest (CI)

        $\mathbf{CI =P\left [ \left ( 1+\frac{R}{100} \right )^{T}-1 \right ]\right ] }$

• On putting respective value in above equation

        $\mathbf{CI =10\left [ \left ( 1+\frac{10}{100} \right )^{2}-1 \right ]\right ]}$

        On solving, we get

        Compound interest (CI) =2.1 rupees