Q1 of 30 Page 125

Use the formula to find the amount and the compound interest.

Given: Principal (P) = Rs. 10000, Rate of Interest (R) = 10% and Number of years (n) = 2year

As Amount (A):





A = Rs. 12100


As compound interest (CI),


CI = A - P


CI = 12100 – 10000


CI = Rs.2100


More from this chapter

All 30 →