Question

Find the compound interest :

P = Rs. 40000, R = 16% p.a., n = 3 years​

Answer 1

Answer:

A = P(1+ R/100 )^N

A= 40000 ( 1+ 16 /100 )^3

a =40000 ( 1 + 4 / 25 )^3  after cancellations

A= 40000 (25+4/25 )^3

A= 40000( 29/25 )^3

A = 40000 x 29/25 x 29/25 x 25/29

A = 1600 x 29 x 29 /25x 29/25

A = 64 x 29 x 29 x 29/25

A = 62,435.84

C.I = A - P

C.I = 62,435.84 - 40000

C.I=22,435.84

Step-by-step explanation:

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