Sania Took a loan of 16000 against her insurance policy at the rate of 12.5% per annum compounded annually find the compound interest payable by her after 3 years
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16
Answer:
Amount after 3 years = 16000(1 + 12.5/100)^3
=16000(1.125)^3
So interest = 16000(1.125)^3 - 16000=
16000{1.125^3 - 1} = 6781.25Ans
Answered by
6
Answer:
Amount after 3years =16000
(12.5/100)^3
=16000(1.125)^3
Interest :16000(1.125) two
ans:6761
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