A man borrowed rs 9600 from a bank at the rate of 7% per annum. how much amount should he pay at the end of 2 years?
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Answer :-
Principle = 9600
Rate = 7%
Time = 2years
P×R×T÷100
9600×7×2÷100
ans in one year is 1344
2nd year
Principle = 1344
Rate = 7%
Time = 2 year
P×R×T÷100
1344×7×2÷100
Answer in second year is 188.16
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