6. Find the amount that Rashed will receive if he deposits 16.000 for 3 years at 10 per annum
Answers
Answered by
9
Step-by-step explanation:
P=Rs. 16000, T= 3 years , R=10% , n=1 (compounded annually)
A=P(1+
n
R
)
nT
∴A=16000[1+
1
10
]
1×3
=16000×11×11×11
A=Rs.21296000
CI=A−P
=Rs.(21296000−16000)
=Rs.21280000
Similar questions