Question

the compound interest on rupees 10 @ 10% per annum for 2 years will be​

Answer 1

Step-by-step explanation:

this is the answer

ask if any queries

Answer 2

The compound interest will be Rs. 2.1

Step-by-step explanation:

The principal sum is Rs. 10 and the principal sum is getting interest of 10% per annum compounded yearly.

If we invest this principal for 2 years, then we have to get the final sum.

Now, we know from the formula of compound interest that

$S = P(1 + \frac{r}{100 \times n} )^{tn}$, where S = matured/final sum, P = principal, r = the annual percentage rate, t = number of years of investment and n = the number of times the principal is compounded yearly.

So, in our case, $S = 10(1 + \frac{10}{100 \times 1} )^{2 \times 1} = 12.1$ rupees.

Therefore, the compound interest will be Rs. (12.1 - 10) = Rs. 2.1 (Answer)