Question

calculate the compound interest on rs.1600 for 3 years at 5% per annum compounded annuualy
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Answer 1

Answer:

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Answer 2

Answer:

principal=Rs.1600

rate%=5%

In the first year;

S.I=p*r*t

=1600*5*1/100

=Rs.80

A=(P+S.I)

=1600+80

=1680Rs.

In the second year;

S.I.=p*r*t/100

=1680*5*1/100

=84Rs.

A=S.I+p

=1680+84

=1764Rs.

In the third year;

S.I.=p*r*t/100

=1764*5*1/100

=88.2Rs.

A=S.I.+P

=1764+88.2

=1852.2

Therefore, Compound Interest of three year=1852.2-1600

=252.2Rs.

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