Question

a person borrowed rupees 7500 at 16% per annum compound interest what is the amount of compound interest has to pay at the end of 2 years to clear the loan
please solve this question my friend​
and solve in notebook

Answer 1

Answer:

Step-by-step explanation:

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

Answer 2

Answer:

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