Question

The compound interest on Rs 100 at 10% per annum for 2 years, compounded annually is *

Answer 1

Answer:

100 at the rate of 10% per annum, compounded annually for 2 years. The amount he has to pay after 2 years is Rs. 121.

Step-by-step explanation:

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Answer 2

Answer:

CI = Rs.11

Amount = Rs.121

Step-by-step explanation:

As per the question :-

Principal - Rs.100

Principal - Rs.100Time - 2years

Principal - Rs.100Time - 2years Rate - 10%

CI at the end of 1st year =

100×10×1 / 100 = Rs.10

Amount :- 100+10 = Rs.110

CI at the end of 2nd year =

110×10×1 / 100 = Rs.11

Amount :- 110+11 = Rs.121

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