Question

Compound interest loan of p=80000 n=2years 10%p.a class 8th find the amount to be repaid with explanation​

Answer 1

Answer:

principal = Rs. 80000

Time = 2years

Rate = 10%p.a.

Amount = P ( 1+R/100)^T

Amount = 80000(1+10/100)²

Amount = 80000*11/10*11/10

Amount = Rs. 96800

Hence Rs. 96800 is the amount to pe repaid.