Question

find the compound interest If the amount of a certain principal after 2 years is rupees 4036.80 at the rate of 16 p. C. P. A


I will mark as brain list please
Please tell me answer of this question in easy way but Step-by-step explanation ​

Answer 1

Answer:

1036.8

Step-by-step explanation:

We have,

A = 4036.80, Time = 2 years, R = 16%.

∴ A = P(1 + r/100)ⁿ

⇒ 4036.80 = P(1 + 16/100)²

⇒ 4036.80 = P(116/100)²

⇒ 4036.80 = P(1.16)²

⇒ P = 3000.

Now,

C.I = A - P

    = 4036.80 - 3000

   = 1036.8

Hope it helps!

Answer 2

Please mark as brain list