compound interest for principle = 160000, rate of interest = 10.5%, time = 5 years
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A = P (1+r/100)^ t
A = 160000(1+105/1000)^5
A = 160000(1105/1000)^5
A = 160000 (221/200)^5
A = 263591.48
CI = A-P
= 263591.48- 160000
= 103591.48
A = 160000(1+105/1000)^5
A = 160000(1105/1000)^5
A = 160000 (221/200)^5
A = 263591.48
CI = A-P
= 263591.48- 160000
= 103591.48
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