Math, asked by prakashpatel9427, 1 month ago

A sum of $2000 borrowed at 16% compounded daily for 2 years, state the following
The periodic rate of interest (i)
Find the future value of the loan at the end of 2 years

Answers

Answered by avnishpaul294
0

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Answered by np258660
1

ANSWER :-

Principal Amount

₹ 48,000

Interest rate

= 16%

Maturity Amount = ₹ 54,073

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