find the sum which when invested at 20% will amount to rupees 1600 in 3 years and the interest is compounded annually
find the sum which when invested at 20% will amount to rupees 1600 in 3 years and the interest is compounded annually
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Answer:
Principal,P=1600
rate = 20%
time= 3years
CI= P(1+20/100)^3
1600(6/5)^3
1600×216/125
25×216
CI= 5400