find the amount of rupees of 16000 for 2years at 10% per annum compounded annually
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A=P(1+r/100)n
A=amount
P=principal
r=rate
n=years
=16000(1+10/100)²
=16000(110/100)²
=rs.19360
C.I.=A-P
=19360-16000
=rs.3360
A=amount
P=principal
r=rate
n=years
=16000(1+10/100)²
=16000(110/100)²
=rs.19360
C.I.=A-P
=19360-16000
=rs.3360
Kshitijydv:
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19365
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