Question

(3) Arun borrows Rs. 12,000 at 12% p.a.
Find the amount he has to pay
the end of 3 years​

Answer 1

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

Answer 2

Answer:

Arun borrows Rs. 12000 at 12% p.a. Find the amount he has to pay at the end

of 3 years