Question

4. If Sunita borrowed 12,500 from a bank for 2 years at the rate of 8% p.a. compound interest,
Find the amount she has to repay the bank after 2 years.​

Answer 1

Step-by-step explanation:

p= 12500

n=2

r= 8%

a= p(1+r/100)^n

= 12500(1+8/100)^2

=12500x 108 X 108 /(100x100)

=14580