Question

At the rate of 12% interest, Neeraj borrows Rs. 4600 for 1 year and 3 months while the interest is compounded annually. How much will he pay on completion of the time?​

Answer 1

Answer:

hi mate here is your answer

Step-by-step explanation:

Here, V=Rs.30000,r=12%=0.12 and n=20.

We know V=

r

A

[1−(1+r)

−n

]

Thus 30000=

0.12

A

[1−(1+0.12)

−20

]

⇒ A=

[1−(1+0.12)

−20

]

30000×0.12

⇒ A=

[1−(1.12)

−20

]

3600

⇒ A= Rs. 4016.76

like this you have to do that....

please me brainest