Math, asked by akashsingh6180689, 4 months ago

find the compound interest on rupees 16000 at 6% per annum for 2years 6 months, interest compound yearly.

Answers

Answered by jaswantsingh7311

0

Answer:

Principal = Rs. 16000; Time = 9 months =3 quarters;

Rate = 20% per annum = 5% per quarter.

Amount = Rs. [16000 x (1+(5/100))3] = Rs. 18522.

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