Question

Amarjeet obtained a loan of 250000 from a bank to repair his office is the rate of interest is 12% per annum find the compound interest that he has to pay after 2 years​

Answer 1

$A = P {(1 + \frac{R}{100} )}^{N} \\A = 250000{(1 + \frac{12}{100} )}^{2} \\ A = 250000 {( \frac{112}{100} )}^{2} \\A= 250000 \times \frac{12544}{10000} \\ A= Rs.313600 \\ CI = A - P \\ CI = 313600 - 250000 = Rs.63600$

Answer 2

Answer:

P=250000

R=12%p.a

T=2 years

Amount=250000×(1+12/100)^2

=250000×28/25×28/25

=28×28×400

=784×400

=313600

C.I=Amount-P

=313600-250000

=63600