The compound intetest on rs 1000 at 10% per annum for 2 years is
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the compund interest is 200
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Rs 210
Step-by-step explanation:
Principal(p) = 1000
Rate of interest (r) = 10%
Time(t) = 2 yr
Amount(a) = p(1+r/100)^t
Compound Interest = a - p = rs (1210 - 1000)
= Rs 210
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