Compound Interest on Rs 16000 at 15% p.a.for 2 1/3 years is
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Answered by
0
Time =2 1/3 = 7/3 year
A = P [(1 + R)/100] ^(time)
A = 16172.92Rs.
Ci =P - A
Ci = 172.92Rs.
Answered by
0
p = 16000
r = 15o/o
t = 2 1/3
=7/3
A = p [ 1 + (r/100)]^t
A = 16000 [ 1+ (15/100)]^7/3
=16000 × 1.386
= 22169.11
I = A- P
=22169.11-16000
=6169.11
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