Find the compound interest at the rate of 10% per annum for two years on that principal which in two years at the rate of 10% per annum given Rs. 200 as simple interest.

Given,


Rate of simple interest = 10%


Time = 2 years


Simple interest = RS.200


So,


=


= 200 =


=


Rate of compound interest = 10%


Time = 2years


= Compound interest =


= 1000


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