Question

the simple interest on a certain sum of money for 2 years at 10% per annum is rupees 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

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

Answer:

Answer is at C.I. is 648 and Amount is 10648