Question

A deposit earns interest compounded annually at 20%. If the total amount after 8 years is Rs. 16,850, find the interest paid in the 9th year. (a) Rs. 2,000 (b) Rs. 2,560 (c) Rs. 3,280 (d) Rs. 3,370​

Answer 1

Answer:

b 2560

sl=p×r×t/

A=(1+r/100)n

16850(1+20/100)8