Question

Find the compound interest, if the amout of a certain principal after two years is Rs.4036.80 at the rate of 16 p.c.p.a. Q​

Answer 1

Answer:

Here, A = Rs 4036.80, R = 16 p.c.p.a. and N = 2 years i. ii. Interest = Amount (A) – Principal (P) = 4036.80 – 3000 = Rs 1036.80 ∴ The compound interest after 2 years would be Rs 1036.80Read more on Sarthaks.com - https://www.sarthaks.com/856115/find-the-compound-interest-the-amount-certain-principal-after-two-years-is-4036-at-the-rate?show=856132#a856132