Question

Calculate the amount and the
compound. Interest on Rs. 16,000
Invested for 3 years @10%p.a.
compounded annually.​

Answer 1

ANSWER:

compound interest =5296

COMPOUND SUM =21296

step by step explanation:

P=16,000

r=10%

pan=3 year

Compound sum :

=P[1+ r/100]

=16000[1+ 10/100]³

=16000[1.1]³

=21296

compound interest :

=[21296−P]

=[21296−16000]

compound interest =5296

THANK YOU

Answer 2

Answer:

Step-by-step explanation:

Principle = p = 16,000

Rate of interest = 10%

Time = 3 yrs

Amt = p( 1 + r/100 )ⁿ

Amt = 16,000( 1 + 0.10)³

Amt = 16,000( 1.1)³

Amt = 16,000 (1.331)

Amt = 21,296

CI = Amt - Principle

CI = 21,296 - 16,000

CI = 5,296