Question

find the compound interest If the amount of a certain principal after 2 years is rupees 403 6.80 at the rate of 16 p.c.p.a ​

Answer 1

Answer:

1036.80

Step-by-step explanation:

x*116/100*116/100=4036.80

x=3000

Answer 2

Answer:

Rs.1395.11808

Step-by-step explanation:

A=P(1+r/100)∧t

A=4036.80(1+16/100)²

A=$\frac{403680}{100}$×$\frac{29}{25}$×$\frac{29}{25}$

A=5431.91808

C.I.=A-P

C.I.=5431.91808-4036.80

C.I.=1395.11808