Question

2.
Find the sum which when invested at 20%
will amount to Rs 1, 600 in three years, when
the interest is compounded annually.​

Answer 1

Answer:

Amount = Rs. 1600

Time = 3 yrs

Rate = 20% p.a

A = P(1+r/100)^n

1600 = P(1+20/100)^3

= 1600 = P(1+2/10)^3

= 1600 = P(1+1/5)^3

= 1600 = P(6/5)^3

= 1600 = (216P/125)

= (1600*125)/216 = P

= 925.92 = Principal

C.I = (A-P)

= (1600-925.92)

= Rs. 674.08

Hope this helps.

Answer 2

Answer:

this is your answer

Step-by-step explanation:

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