Swati took a loan Rs 16000 against her insurance policy at the rate of 12.5%  per annum. Calculate the total compound interest payable by swati after 3 years.

Explanation

To calculate the total compound interest payable by Swati after 3 years, we will follow these steps:

### Step 1: Identify the given values
- Principal (P) = Rs. 16,000
- Rate of interest (R) = 12.5% per annum
- Time (n) = 3 years

**Hint:** Always start by clearly identifying the values given in the problem.
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