Question

A sum of Rs 16000 is invested for 3 yr at 10% per annum interest compounded annually. Find the compound interest.​

Answer 1

Answer:

⇒  P=Rs.16000,R=10%

⇒  C.I. for second year = P×  

100

R

​  

×(1+  

100

R

​  

)

⇒  C.I. for second year = 16000×  

100

10

​  

×(1+  

100

10

​  

)

⇒  C.I. for second year = 1600×  

10

11

​  

 

⇒  C.I. for second year = Rs.1760.

Step-by-step explanation:

Brainliest  me