Question

find the compound interest on ₹16000 for 2 years at 5%​

Answer 1

n (time) = 3years ,a = p(1+r/100)^n,a = 16000(1+10/100)^2, a = 16000(10+1/10)^2, a = 16000*11/10*11/10, a = 160*121, a = 33760, c.i = amount - principle, c.i =33760 - 16000, c.i = 17760 answer.