3.
Madhu borrowed a sum of 24000 for 2 years at the rate of 10% p.a., interest compounded annually.
Find how much money will she have to pay to clear her debt?
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4.
Answers
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5
Answer:
P= Rs. 24000, Time = 2
years =3 half years, r=10% p.a. =5% per half year
∴A=24000(1+ 1005 ) 3=24000×( 2021) 3
=24000×
8000
9261
= Rs. 27783
∴ C.I. = Rs. 27783− Rs. 24000= Rs. 3783
∴ C.I. (x) lies between Rs. 3000 and Rs. 4000.
Step-by-step explanation:
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