Q. 1 F5.0( 2 Votes )

# Use the formula to find the amount and the compound interest.

Answer :

Given: Principal (P) = Rs. 16000, Rate of Interest (R) = and Number of years (n) = 3year

As Amount (A):

⇒ A = Rs. 22781.25

As compound interest (CI),

CI = A - P

CI = 22781.25 - 16000

⇒ CI = Rs.6781.25

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