find the amount and compound interest of rupees 16000 for four years at the rate 8% per annum, compounded annually.
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Step-by-step explanation:
P=Rs16000
T=4 years
R=8%
Amount =P[1+R/100]^t
=16000(1+8/100)^4
=16000 x 1.36
=Rs21760
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