David borrow and amount of rupess 2,500 to repair his house this is borrowed on compound interest of 16% per annum for 2 years . what is the total amount he pay at the end of 2 years
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Principal- 2500
Rate- 16%
Time- 2 years
A - P((1+R/100)^n-1)
A - 2500 (1+16/100)^2
A - 2500 (100+16/100)^2
A - 2500 (116/100)^2
A - 2500 (29/25)^2
A - 2500 (24389/15625)
A - 2500 * 24389/15625
A - 3902.24
Hence, the total david pay at the end of 2 year is Rs 3902.24
Hope its help you....
Principal- 2500
Rate- 16%
Time- 2 years
A - P((1+R/100)^n-1)
A - 2500 (1+16/100)^2
A - 2500 (100+16/100)^2
A - 2500 (116/100)^2
A - 2500 (29/25)^2
A - 2500 (24389/15625)
A - 2500 * 24389/15625
A - 3902.24
Hence, the total david pay at the end of 2 year is Rs 3902.24
Hope its help you....
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