the simple interest on a certain sum of money for 2 years at 10% per annum is 1600 find the amount and compound interest on the sum of money at the same rate after 3 years interest being not annually please explain don't spam
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Answered by
1
Answer:
formula of simple interest is p r t
100
Step-by-step explanation:
so 1600 10 2
100
= 320 this interest for 2 years
then 1600 3 10
100
=480 this interest for 3 years
Answered by
1
Answer:
5663567654677698878 is the answer
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