Question

5. Find the compound interest if the amount of
a certain principal after two years is
40 36.80 at the rate o
of 16 pecop.a.​

Answer 1

Answer:

kuch Samaj nahi aa Raha to plz

Answer 2

Answer:

Here, p = principal

A = Rs 4036.80

I = compound interest

R = 16 percent

N = 2 years

we know that,

A = p (1 + R/100)n

4036.80 = p (1 + 16/100)2

4036.80 = p (1 + 4/25)3

4036.80 = p (29/25)3

P = 4036.80 × 25 × 25/29 × 29

P = 3000

Also,

I = A-P

= 4036.80 - 3000

= 1036.80

Hence, the compound interest is Rs 1036.80