Question

in what time will 16000rs amount to 21160rs at 15% p. a compound interest​

Answer 1

Answer:

Here, P = ₹ 5000; R = 8 % ; N = 3 years

A=P(1+R100)N =5000(1+8100)3 =5000(108100)3 =5000(2725)3 =6298.56 Rupees∴ Compound Interest after 3 years,I = Amount − Principal =6298.56−5000 =1298.56 Rupees

Hence, Amount = ₹ 6298.56 and Compound interest = ₹ 1298.56