1.

What Would Be The Compound Interest Accrued On An Amount Of 10000 Rs. At The End Of 2 Years At The Rate Of 4 % Per Annum?

Answer»

GIVEN principal = 10000

No. of YEARS = 2

Rate of interest = 4

Amount = P [ 1 + ( R / 100 )n]

= 10000 x [1 + (4 / 100)2]

= 10000 x (104 / 100)2

= 10000 x (104 / 100) x (104 / 100)

= 104 x 104

= 10816

COMPOUND Interest = Amount - Principal

= 10816 - 10000

=816

Given principal = 10000

No. of years = 2

Rate of interest = 4

Amount = P [ 1 + ( r / 100 )n]

= 10000 x [1 + (4 / 100)2]

= 10000 x (104 / 100)2

= 10000 x (104 / 100) x (104 / 100)

= 104 x 104

= 10816

Compound Interest = Amount - Principal

= 10816 - 10000

=816



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