Question

find the amount and the compound interest on rupees 16000 for 3years at 5% per annul compounded annually

Answer 1

☆Hello friend☆

Amount= Principal( 1+ r/100)^n
A = Rs 16000×(1+5/100)^3
A = Rs 16000× 105/100 × 105/100×105/100
A = Rs 16×10.5×10.5×10.5
A = Rs 18522

$hope \: it \: helps$

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