Question

The sum of money will amount to ₹12100 in 2 years at 10% p.a compounded annually is​

Answer 1

Answer:

$p = 12100 \\ r = 10\% \\ t = 2 \: years \: \\ a = p(1 + \frac{r}{100} ) \times t \\ = 12100 \times (1 + \frac{10}{100} ) \times 2 \\ = 12100 \times (11) \times 2 \\ = 12100 \times 22 \\ = 266200 \\ c = a - p \\ = 266200 - 12100 \\ = 254100$

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