Question

Find the interest if P= 43,800 R=16% T=105 days​

Answer 1

We know that,

interest= P(1+R/100)ⁿ, where n=time

therefore,

interest= 43,800(1+16/100)^105

= 43,800(1+0.16)^105

=43,800(1.16)^105

=43,800× 5862581.171

= 256,781,055,289.8 Ans.

or, 2567810553 Ans.