Question

the principal=®16000, R =? N= 2years find out R=? A=?​

Answer 1

Answer:

Given:-

Sum, P=Rs.16000

Rate of interest =10% per annum

Time =2 years

Since the interest is compounded annually.

Therefore,

R=

2

10

=5%

n=4

Now, as we know that,

A=P(1+

100

R

)

n

∴A=16000(1+

100

5

)

4

⇒A=16000×(

20

21

)

4

⇒A=16000×

160000

194481

=Rs.19448.1