Question

Find the amount and compound interest on 16000 for 2 years at 15%

ܝܝܕ ܝ15 ܛ​

Answer 1

Step-by-step explanation:

Find the amount and compound interest on ₹16,000 for 2 years at 15%, interest being payable annually.

Amount at the end of 2 years = Rs. 21,160.

Amount at the end of first year = Rs. 18,400.

So interest for first year = Rs. 2400.

Interest for second year = Rs. 2760.