Question

2.
At the rate of 12% rate of interest compounded every month brought
a loan of Rs.12,500. End of the year what is the loan amount to be
repaid?​

Answer 1

Answer:

at the rate of 12%

he brought every month 12× 12500

=150000

Amount =p(1+r/100)n

150000(1+12/100)¹

150000(112/100)

150000×112/100)

1500×112

168000

therefore end of the year Amount loan repaid to be Rs 168000