Question

A man invests rs.10 000 at 10% for 3 years.find interest of 2nd year

Answer 1

principal:10000

rate:10%

Time: 3 Years

for ist year, interest =(principal*rate*1)/100

=(10000*10*1)/100

=1000

principal for 2nd year= 11000

so, interest for 2nd year= (11000*10*1)/100

= 1100

so the answer is 1100

Answer 2

Answer: The interest for the 2nd year is Rs. 1100.

Here is the calculation:

Principal: Rs. 10,000

Interest rate: 10%

Interest for 1st year: 10000 * 10/100 = Rs. 1000

Accumulated amount at the end of 1st year: 10000 + 1000 = Rs. 11000

Interest for 2nd year: 11000 * 10/100 = Rs. 1100

The interest for the 2nd year is calculated on the accumulated amount at the end of the first year. So, the interest for the 2nd year is Rs. 1100.