Question

Find the amount and the compound interest on rs.16000 for 3 years at 5% per annum compounded annually.

Answer 1

Answer:

HI HOPE THIS HOPE THIS HELPS YOU

Step-by-step explanation:

Principal = (P) = ₹16, 000

Time = (t) = 3 years

Rate = (r) = 5%

Amount = Principal × (1 + (r/2 × 100)) n × 2

= ₹ 16,000 × (1+ (5/200)) 3 × 2

= ₹16,000 × (205/200)6

= ₹ 16,000 × 41/40 × 41/40 × 41/40 × 41/40 × 41/40 × 41/40

= ₹ 18,555

C.I. = Amount – Principal

= ₹ 18,555 - ₹ 16,000

₹ 2555

Answer 2

Answer:

Step-by-step explanation:

hope it helps u plz mark me as brainest, please