Question

Find the amount and compound interest on Rs. 16000 for years at 8% per annum,compounded annually.

Answer 1

■HEY DEAR

Answer:

Amount = Rs.16020

C.I = Rs.20

Step-by-step explanation:

•°• Principal for year = rs16000

•Interest for year =[16000 ×8 ×1/100] =Rs 20 [by using S.I = P×R×T / 100].

• Amount = Rs16000 + Rs20 = Rs16020.

Compound interest = Rs16020 -Rs16000 =Rs 20.

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