Question

A bank lent Rs. 12,025 to Rakesh at the compound interest rate of 4% p.a.

for 2 years. How much did Rakesh repay as interest?​

Answer 1

Step-by-step explanation:

Answer. r = 4 % p.a. = 4/100 p.a. Therefore, Rakesh have to pay interest of 981 Rs.

Answer 2

Answer:

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Step-by-step explanation:

r = 4 % p.a. = 4/100 p.a.

Therefore, Rakesh have to pay interest of 981 Rs.