Question

Find C.I on Rs 16000 at the rate of 5% for 3 years?​

Answer 1

Answer:

7200

Step-by-step explanation:

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Answer 2

Answer:

Principal = (P) = ₹16, 000

Time = (t) = 3 years

Rate = (r) = 5%

Amount = Principal × (1 + (r/2 × 100)) n × 2

= ₹ 16,000 × (1+ (5/200)) 3 × 2

= ₹16,000 × (205/200)6

= ₹ 16,000 × 41/40 × 41/40 × 41/40 × 41/40 × 41/40 × 41/40

= ₹ 18,555

C.I. = Amount – Principal

= ₹ 18,555 - ₹ 16,000

₹ 2555


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Explanation:

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