Question

₹16000 for 3 years at 12 1/2% p.a. compounded annually​

Answer 1

Principal = 16000

Time = 3 years

Rate = 12.5 %

12.5% = 1/8

____________________________

A = 16000(1+1/8)³

A = 16000(9/8)³

A = 16000 × 729×512

A = 31.25 × 729

A = 22781.25

____________________________

CI = 22781.25 - 16000

CI = 6781.25

Answer 2

Answer:

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