Math, asked by tanishkcool14, 9 months ago

The compound interest on the sum of 15625 at rate 16% per annum compounded annually for 2 years 3 months is ​

Answers

Answered by amitsnh
0

Answer:

first we calculate compound interest for two years

P = 15625

R = 16%

time = 2 years

A = P(1+R/100)^n

= 15625*(1+16/100)^2

= 15625* (29/25)^2

= 15625*841/625

= 25*841

= 21025

now

P = 21025

R = 16%

time = 3 month = 3/12 years = 1/4 years

interest = PTR/100

= 21025*(1/4)*16/100

= 841

total amount = 21025 + 841 = 21866

compound interest = 21866 - 15625

= 6241 rs.

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