Math, asked by vinoonarwalrajana, 5 months ago

Find the amount and compound interest on 1600 for 2 years
at the rate of 5% per annum.

Answers

Answered by hemanthgonti

1

Amount = 1760

Step-by-step explanation:

Interest = PTR/100

P= principle = 1600

T= time = 2 yrs

R= rate = 5%

PTR/100 = 1600×2×5/100

16×2×5 = 160/-

Interest = rupees 160

AMOUNT = PRINCIPLE+INTEREST

= 1600+160=1760

AMOUNT = rupees = 1760

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