find the amount on rs 1600 for 2 years at 5%
perannum when interest
is
compounded annualy.
​

1 thought on “find the amount on rs 1600 for 2 years at 5%<br />perannum when interest<br />is<br />compounded annualy.<br />​”

1. Answer:

   Interest=Principle*Rate*Time100

   =1600*6*2/100

   =16*6*2

   =192 rupees

   Now,

   amount=Principle+interest

   =1600+192

   =1792 rupees

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