Question

Find the compound interest and amount if rupees 16000 is borrowed from a finance company for 3 years at 5 percent annum.

Answer 1

hey..... here is ur answer...

given.

principle is rs.16000

time is 3 years

rate is 5 %

we have to find amount and CI

solution....

A=P[1+R÷100]t

A=16000(1+5÷100)3

=16000(105×100)3

=16000×105 ×105×105

100 100 100

= 2×21×21×21(by dividing it ..)

=18522

A =18522

CI=A-P

=18522-16000

=2522 rs.

this is ur answer ........

hope it helps u.....

Answer 2

Answer:

ur answer is 2522

Step-by-step explanation:

hope it helps u....