Question

The compound interest on rs.1600 at 2.5% p.A for 2 years is

Answer 1

Answer:

i=rs 1600

rate=1.5%

time=2 years

principal=?

we know,

i=PTR/100

or, Px2x2.5/100=1600

or, 5P/100=1600

or, 5P=160000

P=160000/5

p=32000