The compound interest on ₹ 10000 at 10% per annum for 3 years, compounded annually, is

Explanation

Principal = Rs. `10,000`
Rate= `10%`
Time= `3` years
Therefore, `P (1- r/100)` to the power `3`
=`10,000 (1- 10/100)` to the power `3`
=` 10,000 xx (90 xx 90 xx90)/ (100 xx 100 xx 100)`
= Rs.` 7290`