Question

5. Mr Roy took a loan of Rs 1,00,000 from a moneylender at the compound interest rate of 25/2% p.a.
He repaid the money at the end of two years.
(i) Find the interest paid by Mr Roy to the moneylender.
(ii) How much did Mr Roy pay to clear the debt?
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Answer 1

Answer:

interest paid= 26562.50

amount paid= 126562.50

Answer 2

Answer:

hope it helps u

Step-by-step explanation:

or you can directly use this formula

AMOUNT = P[1 + r / 100]^n

CI = FINAL AMOUNT -- ORIGINAL PRINCIPAL