Question

3. Sujata borrowed 15.000 from a bank to purchase a TV set. If the bank charges interest quarterly at
the rate of 8% per annum, what is the amount she has to pay at the end of 9 months to clear her debt?
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Answer 1

Answer:

24000

Step-by-step explanation:

I not say step by step

Answer 2

Answer:

A = $ 16,236.48

A = P + I where

P (principal) = $ 15,000.00

I (interest) = $ 1,236.48