Question

.
The simple interest on a certain sum of money for 2 years at 10% per annum is 1600.
Find the amount due and the compound interest on this sum of money at the same
rate after 3 years, interest being reckoned annually.​

Answer 1

Step-by-step explanation:

A= P×(1+R/100)2

A = 1600 × (1+10/100)2

A = 1600 × (110/100)2

A = 1600 × (11/10)2

A = 1600 × 121/100

A = ₹1936

Answer 2

Ans. = 2555.52

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