Calculate compound interest where P = 1000, R= 10 p.c.p.a. , N = = 2 years​

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1. QUESTION :-

   find the compound interest if Rs 1000 are invested for 2 years at this rate of 10 p.c.p.a.

   ANSWER:-

   p=Rs.1000

   r = 14%

   t(n)=2Years.

   .°. p(1+r/100)^t

   .°. 1000(1+14/100)²

   .°. 1000(1+7/50)²

   .°. 1000(1+57/7)²

   .°. 1000 × 57×57/ 7×7

   .°. 142.85 ×3249 ×7

   .°. 20.40 ×3249

   .°. Rs.66,279.6

   HENCE,

   .°. compound interest is Rs.66,279

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