Question

A msn borroes Rs 12000 at the compound interest rate of 8% per annum for 2 years. The lender puts the condition that if the borrower fails to clear off his debt by the end of 2 years, he will increase the rate of interest by 10% per annum. How much will the man have to pay at the end of 3 years to clear off his debt ( Please give the correct answer. Previous answer was wrong)​

Answer 1

Answer:A=P(1+R/100)^N

A=12000(1+8/100)²

A=12000(1+2/25)²

A=12000(25/25+2/25)²

A=12000(27/25)²

A=12000×27/25×27/25

A=13996.8 rupees

C. I at the end of 2 years = A-P

=13996.8-12000

=1996.8 rupees

rate = 10-8

=2%

A=P(1+R/100)¹

A=12000(1+2/100)¹

A=12000(1+1/50)¹

A=12000(50/50+1/50)¹

A=12000×51/50

A=12440 rupees

C. I after an year = A-P

=12440-12000

=440 rupees

total Compound interest at the end of 3 years = 1996.8+440

=2436.8 rupees

hope it helps u

if it is wrong u can report it

Step-by-step explanation: