Question

Find the amount of Rs 16000 for 2 years compounded annually at 10% per

annum, also find the compound interest​

Answer 1

➤ Given :-

Principle (P) :- ₹ 16000

Rate of interest (R) :- 10%

Time (T) :- 2 years

➤ To Find :-

Compound interest on the given sum..........

➤ Formula :-

$\bf \orange{\bigstar \: {\underline {\underline {P \times R \times T \div 100 + P }}}}$

➤ Solution :-

$\dashrightarrow \sf \frac{16000 \times 10 \times 2}{100} + 16000$

$\dashrightarrow \sf \frac{ \cancel{16000} \times 10 \times 2}{ \cancel{100}} + 16000$

$\dashrightarrow \sf({160 \times 10 \times 2}) + 16000$

$\dashrightarrow \sf3200 + 16000$

$\dashrightarrow \sf19200$

$\Huge\therefore$The answer is ₹ 19200.

Answer 2

Answer:

⏺️ Question

Find the amount of Rs 16000 for 2 years compounded annually at 10% per annum, also find the compound interest

⏺️To find

Compound interest

⏺️ Solution

$\frac{p \times r \times t}{100} + p$

$\frac{16000 \times 12 \times 2}{100} + 16000$

$16</strong><strong>0</strong><strong> </strong><strong>\times 12 \times 2 + 16000$

$</strong><strong>3</strong><strong>2</strong><strong>0</strong><strong>0</strong><strong> </strong><strong>+</strong><strong> </strong><strong>16000$

$</strong><strong>1</strong><strong>9</strong><strong>2</strong><strong>0</strong><strong>0</strong><strong> </strong><strong>$

⏺️ Extra information

R - Rate (per annum or)

P - Principal

T - Time