Question

Aparna borrows a sum of $2500 for 2 years
3 months at 8% p.a. compounded annually.
Find
(i) the CI for 2 years
(ii) the amount at the end of 2 years
3 months. ​

Answer 1

Aparna borrows a sum of $2500 for 2 years

3 months at 8% p.a. compounded annually.

Find

(i) the CI for 2 years

(ii) the amount at the end of 2 years

3 months.