A certain sum will amount to ₹ 12,100 in 2 years at 10%

A certain sum will amount to ₹ 12,100 in 2 years at 10% per annum of compound interest, interest being compounded annually. The sum is

Given in question , Amount ( A ) = ₹ 12,100 , P = ? , Rate ( R ) = 10% , Time = 2 years
Using the given formula ,

A = P		1 +	R		^T
			100

⇒ 12100 = P		1 +	10		²
			100

⇒ 12100 = P		11		²
		100

⇒ 12100 = P ×	121
	100

⇒ P =	12100 × 100	= ₹ 10000
	121