The interest on the given principal amount and rate for 2 year. We can easily solve this problem by following the given steps. Hence, the simple interest will be Rs.200.
Compound interest =A−P=1102.50−1000=Rs.102.50. Calculate Compound interest on Rs. 1000 over a period of 1 year at 10% per annum if interest is compounded half yearly.
To calculate interest rates, use the formula: Interest = Principal × Rate × Tenure. This equation helps determine the interest rate on investments or loans.
This is interest that is calculated on both the principal and accrued interest at scheduled intervals. The formula we use to find compound interest is A = P(1 + r/n)^nt. In this formula, A stands for the total amount that accumulates. P is the original principal; that's the money we start with.
compound interest after 2yrs of 1000 Rs at the rate 10% per annum is 210 Rs. it is given that principal , P = 1000 Rs. = 210 Rs. ∴Hence, compound interest = 210 Rs.
Simple interest is determined by multiplying the daily interest rate by the principal by the number of days that elapse between payments. Time Period = 2 years. Hence, the answer of this question is (a) 20,000, i.e. the Simple Interest on Rs. 100,000 for 2 years at 10% per annum is 20,000.
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![[Solved] The compound interest on Rs. 1000 at 10 % per annum for 2 ye (2024)](data:image/png;base64,iVBORw0KGgoAAAANSUhEUgAAAAEAAAABCAQAAAC1HAwCAAAAC0lEQVR42mP8/h8AAvMB+NzmkbcAAAAASUVORK5CYII=)