Question

3. Abhishek borrowed 15625 from a finance company to buy T.V. If the rate of
intrest be 16% compounded annually, what payment he will have to make after 9/4 year's​

Answer 1

if the rate of interest be 16 % per annum compounded annually what payment will he have to make after 9/4 years​ .

Step-by-step explanation:Amount to be paid after 9/4 years =>Principal(1 + interest/100)^9/4 => 15625(1+0.16)^2.25 =>15625(1.16)^2.25 =>15625(1.3964665)

Answer 2

prt/100is the formula