Q5 of 13 Page 93

Find the compound interest if the amount of a certain principal after two years is
₹ 4036.80 at the rate of 16 p.c.p.a.

Amount= 4036.80/-, Rate = 16% (p.c.p.a), Duration (n) = 2 years



2


4036.80 = P (1+0.16)2


4036.80 = P (1.16)2


4036.80 = P (1.3456)


∴ P = 3000/-


∵ C.I. = A - P


∴ C.I. = 4036.80 - 3000


C.I. = 1036.80/-


Compound interest is 1036.80/- .


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