1. A farmer borrowed a loan of 20,000 from a bank and repaid the amount by paying 1875 per month for 12 months. If he had borrowed 530,000, how much money he would have repaid to the bank with same rate of interest and same time period?
Answers
Answered by
0
Answer:
4016.76
Step-by-step explanation:
Here, V=Rs.30000,r=12%=0.12 and n=20.
We know V=
r
A
[1−(1+r)
−n
]
Thus 30000=
0.12
A
[1−(1+0.12)
−20
]
⇒ A=
[1−(1+0.12)
−20
]
30000×0.12
⇒ A=
[1−(1.12)
−20
]
3600
⇒ A= Rs. 4016.76
Answered by
0
Answer:
4016.76 this mate be answer pls say pls like my coment
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