1) A sum of 16,000 is invested for 3 years at 15 % p.a. compound interest, compounded annually. Calculate:
(a) the interest in the second year
(b) the interest in first two years
(c) the amount at the end of third year.
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Answered by
0
Answer:
⇒ P=Rs.16000,R=10%
⇒ C.I. for second year = P×
100
R
×(1+
100
R
)
⇒ = 16000×
100
10
×(1+
100
10
)
⇒ = 1600×
10
11
⇒ C.I. for second year = Rs.1760.
Step-by-step explanation:
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Answered by
0
Answer:
answer is the 'c' one
Step-by-step explanation:
when take a loan from bank we return with interest
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