what will be the C.I on Rs 1000 at 10 % p.a. compounded annually for 2 years
Anonymous:
No
Don't forget the year
1100^2
1000*(11/10)^2
Done????
Done or what???
Didn't say me thanks also
Answers
Answered by
1
1000* 10*2 by 100=200 (*=multiply)
Wrong
Answered by
1
P=Rs 1000
r=10 % pa
n=2 yrs
CI=P(1+r/100)^n-P
=1000(1+10/100)^2-1000
=(1000*11/10*11/10)-1000
=Rs (1210-1000)
=Rs 210
r=10 % pa
n=2 yrs
CI=P(1+r/100)^n-P
=1000(1+10/100)^2-1000
=(1000*11/10*11/10)-1000
=Rs (1210-1000)
=Rs 210
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