Question

5. Rani borrowed 15000 for 2 years 3 months at the rate 10% p.a, interest being compounded
annually. How much money will she pay at the end of 2 years 3 months​

Answer 1

Answer:

Principal-Rupees 15000

Time-2years

Rate%per.annum-10%

Let's find Amount,

Amount=Principal (1+rate/100)^2

= 15000(1+10/100)2

= 15000*1.1*1.1

=18150

Then, find Interest,

Let's,the Principal-Rupees18150

Interest=Principal Rate Time/100

=18150 10*3/100 12

=453.75

She pay at the end of

2years3months=Rupees(18150+453.75)

=Rupees18603.75

Step-by-step explanation:

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