Question

Find the compound interest on ₹1600 at 7×1/4 % p.a. for two years​

Answer 1

A = p(I +r/loo)n

A = 1600 (I +29/4oo) 2

= 1600x429 / 400x429/4oo

=1840

Cl=1840-16oo=Rs.240

Answer 2

Answer:

Find the compound interest on ₹1600 at 7×1/4 % p.a. for two years