## find the amount on principle Rs. 1000 at 10%p.a. for 2 years is a. Rs. 190 b. Rs. 210 c. Rs. 1219 d. Rs. 200 ​

Question

find the amount on principle Rs. 1000 at 10%p.a. for 2 years is
a. Rs. 190
b. Rs. 210
c. Rs. 1219
d. Rs. 200 ​

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1 month 2021-08-17T09:28:28+00:00 2 Answers 0 views 0

if simple interest rates are given,

the interest should be 1000×2×10/100= 200 rupees

and the amount will be 1200 rupees

but if compound interest rates are given,

the interest will be (1000×1×10/100)+(1100×1×10/100)

=210 rupees

therefore the amount will be 1210 rupees.