find the compound interest on rupees 16000 in 2 years at 10% interest rate
Share
find the compound interest on rupees 16000 in 2 years at 10% interest rate
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Verified answer
Answer:
Step-by-step explanation:
Principle (P) :- ₹ 16000
Rate of interest (R) :- 10%
Time (T) :- 2 year
The answer is ₹ 19200.
Answer:
r = 10% p.a
n (time) = 3years ,a = p(1+r/100)^n,a = 16000(1+10/100)^2, a = 16000(10+1/10)^2, a = 16000*11/10*11/10, a = 160*121, a = 33760, c.i = amount - principle, c.i =33760 - 16000, c.i = 17760 answer