Math, asked by kumarsonuson15, 10 months ago

A farmer borrowed 12,800 from a moneylender to install a jet pump. The rate of interest is 11 % per
atum compounded annually. At the end of 2 years, the farmer cleared the loan by paying ? 10,842 and
gold ring. Find the cost of the ring.

Answers

Answered by dynadyller

2

Answer:

by putting the formula

s i - p×r×t/ 100

s i - 12800×11×2/100

- 128×11×2

- 24616

fir dono ko minus Krna

24616 - 10842 = 13775

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