Question

find the amount and the compound interest on a sum of
rupees 1600 at 8% p.a. for 2 years​

Answer 1

Answer:

Answer will be Rs. 900

Step-by-step explanation:

How I/You or We calculate this.

Compound interest = P (1 + i)n - P,

where P is the principal amount “i” is the rate of interest (not in percentage)

n is the time period

So, CI = 1600(1 + 0.25)2 - 1600

= 1600 × 1.5625 - 1600

= 2500 - 1600 = ₹ 900

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Answer 2

Answer:

I hope it will help you..