Question

calculate the compound interest on 1600​

Answer 1

Question:- calculate the compound interest on 1600 for 3 years at 5% p.a compounded annually.

Answer:-

$principal \: = rs.1600$

$time = 3years$

$rate \: of \: interest \: = 5\%$

$no. \: of \: compound \: per \: year = 1$

$formula = a = p( {1 + r})^{t}$

$a = 1600(1 + 0.05)$

$amount = 1680$

$compound \: interesrt = amoumt - principal$

$compund \: interest = 1680 - 1600$

$compound \: interest = rs.80$

$hence. \: the \: compound \: \\ interest \: is \: rs.80$

$hope \: it \: helps \: you.......$

Answer 2

Answer:

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plzz mark upper answer as brainliest