Question

find the compound interest at the rate of 10 % per annum for 4 years on the principle which is 4 years at the rate of 4 % per annum gives rupees 16000 as simple interest

Answer 1

Principal=  SIX100/TimeXRate%

Principal= 16000X100/4X4=Rs 100000

to find the CI,

Amount= 100000(1+10/100)⁴

Amount= Rs.146410

CI= (Amount-Principal)= (146410-100000)=Rs.46410