Question

swati took a loan of 16000against her insurance policy at the rate 121/2% per annum calculate the total compound interest payable by swati after 3 years​

Answer 1

Answer:

hope it helps u..........

Answer 2

Given :

$\bullet\:\:\textsf{Principle (p) = \textbf{Rs 16000}}\\\bullet\:\:\textsf{Rate (r) = \textbf{12.5 \% }}\\\bullet\:\:\textsf{Time = \textbf{3 years }}$

$\rule{130}1$

Formula used :

$\huge\underline{ \boxed{ \gray{\bf A = P \left(1 + \dfrac{R}{100} \right)^n \: }}} \: \: \red\bigstar$

$\rule{130}1$

Solution :

$:\implies\sf A = 16000 \left( 1 + \dfrac{12.5}{100} \right)^3 \\\\\\:\implies\sf A = 16000 \left( 1 + \dfrac{112.5}{100} \right)^3\\\\\\:\implies\underline{ \boxed{\sf A = Rs\: 22781.25}}$

$\therefore\:\underline{\textsf{Compound intrest = A - P = Rs 22781.25 - Rs 16000 \: \textbf{Rs 6781.25}}}.$