Math, asked by rdhyanchandkarthick, 3 months ago

Find the compound interest and amount if rupees 16000 is borrowed from a finance company for 3 years at 2 1/2 % per annum

Answers

Answered by amrik5312

0

Answer:

16000+10.5%+10.5%+10.5% = 21587.772

Answered by yadavsaransh06

2

Answer:

Rs. 1230.25 & Rs. 17230.25, respectively.

Step-by-step explanation:

Sum = Rs. 16000

Time = 3 years

Rate = 2 1/2 % = 5/2 %

Amount = Rs. 16000(1 + 5/200)^3 = Rs. 17,230.25

Compound Interest = Rs. 17,230.25 - Rs. 16000 = Rs. 1230.25

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