a person borrowed rs 7500 at 16% per annum compound interest. what is the amount of c.i he has to pay at the end of 2 years to clear the loan
Answers
Answered by
140
P = Rs. 7500
R = 16%
T = 2 years.
A = P(1 + (R/100))^T
A = 7500(1+ (16/100))^2
A = 7500*(116/100)*(116/100)
A = Rs. 10092
CI = A-P
CI = 10092 - 7500
CI = Rs. 2592
Answered by
48
HEY FRIEND.................
HERE IS UR Answer........
P = Rs. 7500
R = 16%
T = 2 years.
A = P(1 + (R/100))^T
A = 7500(1+ (16/100))^2
A = 7500*(116/100)*(116/100)
A = Rs. 10092
CI = A-P
CI = 10092 - 7500
CI = Rs. 2592
HOPE IT HELPS...........PLS MARK IT AS BRAINLIEST!!!!
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