Question

Borrowed ₹ 27000 from George from Murthy. George charged an interest rate of 8% per annum. After two and a half years, how much is the idol to George?​

Answer 1

Answer:

72900

Step-by-step explanation:

if there is 8% per annum

annum means one year

interest in 1 year is 8% of 27000

thus, 8%*27000 is 2160

2160+27000=29160

thus in one year he give 29160

in 2.5 years

29160*2.5

which is equal to 72900