Answers

2015-03-15T19:49:47+05:30
The formula for compound interest is P x (1+r) ^{t}
So according to the question,
Principle = 10000
Rate = 10% 
Time = 3yrs

So equating the values we have,
10000 x (1+10/100)³
= 10000 x (110/100)³
= 10000 x 110/100 x 110/100 x 110/100
= Rs. 13,310

Hope that helps !!
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