Question

the simple interest on a certain sum of money for 2 years at 5% is rupees 1600 find the amount due and the compound interest at the same rate after 3 years , interest compounded annually​

Answer 1

Answer:

S.I=P×R×T100

1600=P×S×2100

P=16,00

5 %= 1/20

Total C.I. of 3 years = 800+800+800+40+40+40+2

= 2522