Question

anita borrowed rs 50000 for 1 year month at 12 per annum compounded anually . how much money will she have to pay back to settle the account​

Answer 1

Answer:

Step-by-step explanation:

Principle - P =50000

Rate of interest - R=12

Time n =1

Compound annually

Formula to find out compound interest rate is

P(1+(r/100)) raise to 2

50000(1+(12/100)) raise to 1

=50000*13/100

500*13

=6500

There for compound interest =6500

Amount = 50000+6500=56500

So total amount need to pay on end of the year is 56500

Answer 2

Answer:

Answer is ₹58800

Step-by-step explanation:

First we will find amount for 1 year

principal=Rs 50000

rate=12%

n/time=1yr

a=p[1+r/100] raised to n

=50000[1+12/100] raised to 1

=50000[1+3/25]

=50000 into 28/25

=Rs56000 is amount for 1 yr

for remaining 5 months=5/12

56000 into 5 into 12 divided by 100 into 12

=Rs2800

Therefore Anita has to pay 56000+2800

=58800 Rs

Hope this helps you

Be safe and be happy

Thank you

#mayank'sAnsweR