Question

find the compound interest on rupees 16000 in 2 years at 10% interest rate ​

Answer 1

Answer:

Step-by-step explanation:

Principle (P) :- ₹ 16000  

Rate of interest (R) :- 10%

Time (T) :- 2 year

The answer is ₹ 19200.

 

Answer 2

Answer:

r = 10% p.a

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