Question

Find the compound interest and the amount on Rs .16000 for 2 years at the rate of 9 % compounded annually.

Answer 1

Answer:

The amount of it is (Rs. 19009.6).

And the C.I. of it is (Rs. 3009.6).

Answer 2

Answer:

Principal = 16000

Time = 2 year's

Rate = 9%

Compound amount =

$p(1 + \frac{r}{100})^{2} \\ \\ = 16000(1 + \frac{9}{100})^{2} \\ \\ = 16000 \times \frac{109}{100} \times \frac{109}{100}$

Step-by-step explanation:

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