Find the amount and compound interest on rs 16000 for 3 years at 15% per annum,interest compounded annually.
Answers
Answered by
1
Step-by-step explanation:
1066.6666667
this is my answer
Answered by
4
Answer:
P = ₹ 16,000 , R = 15% , T = 3years
A = P(1+R/100)^n
A = 16000×(1+15/100)^3
A= 16000×115/100×115/100×115/100
A = 24334000/1000
A = ₹ 24,334
C.I. = A - P
C.I. = ₹24,334 - ₹16,000
C.I. = ₹8,334
Similar questions