Math, asked by anshmann45, 11 months ago

You borrowed 11000 rupees at 10% per annum for 2 years find compound interest if compounded annually.

Answers

Answered by indognana

1

Answer:

2310

Step-by-step explanation:

Interest for 1 year is = PRT/100

=11000*10*1/100

=1100

Principal for year 2 = 11000 + 1100

=12100

Interesfor second year = 12100 * 10 * 1/100

=1210

THus amount returned = 13310

Interest = 13310-11000

=2310

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