Find the compound interest at the rate of 10% per annum for two years on that principal which in two years at the rate of 10% per annum given Rs. 200 as simple interest.
Given,
Rate of simple interest = 10%
Time = 2 years
Simple interest = RS.200
So,
=![]()
= 200 = ![]()
= ![]()
Rate of compound interest = 10%
Time = 2years
= Compound interest = ![]()
= 1000![]()
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