Question

What will be the compound interest of RS 21600 with an interest rate of 16 2/3% in 3 years

Answer 1

Step-by-step explanation:

given:

principal(P) =21600, time(T):3 years, rate of interest (R)= 50/3%.

solution:

therefore,compound interest:

x=(21600(50/3×100+1)3-21600)

there fore....by solving further..

we get x=12,700rs...

therefore,compound interest would be 12,700 rs..

hope this helps u....u can calculate it with the help of calculator