Question

A person takes a loan of 3500 at the rate of 2%per month. find the amount​

Answer 1

Answer:

Aapne time to Likha hi naahi hai

Answer 2

Step-by-step explanation:

Given Principle: Rs3500, Rate= 20%.p.a and Time : 2 years

To find : Compound interest

P: Rs3500, R= 20%p.a , T= 2years

Amount = P (1+20/100)2

A = 3500(1+20/100)2

= 3500 (1+1/5)2

=3500(6/5)2

= 3500×6/5×6/5

= 5040

Now.C.I = A-P

= 5040-3500

= rs1540

Hence the compound interest is rs 1540