Question

If P=16000, R=5 p.c.pa ,N=2 years. Find compound interest.​

Answer 1

Answer:

16000×5×2/100

160×5×2

1600

Answer 2

Answer:

Compound Interest

$= \frac{p \times r \times t}{100}$

$= \frac{16000 \times 5 \times 2}{100}$

$= \frac{160 \times 10}{1}$

$= 1600rupees$