Asha lent out Rs. 24000 to Sabina as loan at the rate of 10% p.a. compounded annually. What amount will she get back after 2 years 5 months
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Answer:
Amount at the end of 1 year=Principal+Interest
Interest= 100 PRT
= 100 24000×1×10
=Rs.2400
∴Amount at the end of 1 year=24000+2400=Rs.26400
⇒Interest for the 2 year = 100
26400×10×1
=Rs.2640
⇒Amount at the end of 2 year=26400+2640=Rs.29040
⇒Let he return Rs.x at the end of first year
∴29040−x=12540
⇒x=29040−12540
⇒x=Rs.15000
Step-by-step explanation:
hope this may help you
Answered by
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Answer:
S I=24000×10×2.5/100=6000
amount =24000+6000=30000
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