Q1 of 30 Page 125

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

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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