Find the amount and compound interest on Rs.16000
for 2 years at 15c/o , interest being annually.
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1
Answer:
21160
Step-by-step explanation:
A = P ( 1+r/100=)^n
A = 16000 ( 1+15/100)^2
A= 16000 (23/20)^2
A= 16000 × 529/400
A = 40×529
A= 21160
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