Question

find CI on a sum of rs 22000 for 3 years at 20% per annum compounded annually​

Answer 1

Answer:

35200 is the total amount

Step-by-step explanation:

• 20% of 22000=4400
• 4400 X 4=13200
• 22000+13200=35200

Answer 2

Answer:

Hey buddy

here is your answer ^_________^

Step-by-step explanation:

$a = p(1 + \frac{r}{100} ) {}^{n}$

$a = 22000(1 + \frac{20}{100}) {}^{3}$

$a = 22000(1 + \frac{1}{5} ) {}^{3}$

$a = 22000( \frac{6}{5}) {}^{3}$

$a = 22000 \times \frac{216}{125}$

$a = 176 \times 216$

$a = 38016$

Now CI = A - P

$ci = 38016 - 22000$

$ci = 16016$

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Thank you