Math, asked by ramkirpagoyal, 3 months ago

a man borrowed 75000 from a bank at 12 percent per annum simple interest. at the end of 3 year, he cleared his debt by paying 109000 and a scooter. find the cost of scooter

Answers

Answered by gamekno

0

Step-by-step explanation:

P=75000

R=12%

T=23 years

when compounded annually,

A=P(1+100R)T

75000(1+10012)23

=Rs.88897.2

when compounded half yearly,

A=P(1+200R)2T

75000(1+20012)2×23

Rs.=89326.2

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