Find the amount and compound interest on 16000 rupees at 15% per annum for 7/3 years .
please answer me please
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7/3= 2⅓
2 years +1/3 year or 4/12year
Amount= p*(1+R/100)^t
= 16000*115/100*115/100*(1+15/100*4/12)
= 16*115*115/10*21/20
= 2*23*23*21
=22218 ans
CI= A-p
= 6218 ans
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