What will a loan of rupees 10,000 amount to in 2 years if compound annually at the rate of 10℅ per annum

 

Asked by starinsky251 | 22nd Jun, 2019, 08:50: AM

Expert Answer:

P = Rs.10,000
R = 10%
N = 2years
straight A equals straight P open parentheses 1 plus straight R over 100 close parentheses to the power of straight N
straight A equals 10 comma 000 open parentheses 1 plus 10 over 100 close parentheses squared
straight A equals Rs.12 comma 100

Answered by Arun | 22nd Jun, 2019, 09:27: AM