Question

what will be the ci on rs 16000 at the rate of20% p.a. for 2 yrs​

Answer 1

Answer:

$Amount = 16000 {(1 + \frac{20}{100} )}^{2} \\ = 16000 {(1 + \frac{1}{5}) }^{2} \\ = 16000 \times \frac{6}{5} \times \frac{6}{5} \\ = 23040 \\ compound \: interest \: = 23040 - 16000 = 7040$

Answer 2

Step-by-step explanation:

D=Rs16000

Ifinterestarequaterly

⇒ThenRate=

2

20

=2years

⇒C.I=16000[1+

100

10

]

2

⇒C.I=16000[

10

11

]

2

C.I=16000×

10

11

×

10

11

=16×12×10=19360rupees