find the amount and compound intrest on rs 16000 at the rate 15 % per annum for 2 years
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[1600*(1+(15/100))^2]=21160
therefore 21160-16000
Ur ans is = 5160
therefore 21160-16000
Ur ans is = 5160
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Principal = ₹16000 , Rate = 15% ,Time = 2years.
Amount = P ( 1 +r/100 )^t
= ₹16000 (1 + 15/100 )^2
= ₹16000 (1 + 3/20 ) ^2
= ₹16000 (23/20)^2
= ₹16000 × 23/20 × 23/20 ×23/20
= ₹16 × 23×23×23/8
= ₹16 × 12,167/8
= ₹24,334.
CI = Amount - principal.
= ₹24,334 - ₹16000.
= ₹8,334.
Amount = P ( 1 +r/100 )^t
= ₹16000 (1 + 15/100 )^2
= ₹16000 (1 + 3/20 ) ^2
= ₹16000 (23/20)^2
= ₹16000 × 23/20 × 23/20 ×23/20
= ₹16 × 23×23×23/8
= ₹16 × 12,167/8
= ₹24,334.
CI = Amount - principal.
= ₹24,334 - ₹16000.
= ₹8,334.
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