Question

devi borrowed rs. 2500 from a bank to buy a scooter at the rate of 12% pa compound annually what amount will she pay at the end of 2yrs and 8 months to clear the loan
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Answer 1

Answer:

Here's your answer friend!

Step-by-step explanation:

P= 25,500

R= 12/100

N= 2 years 2/3 months

A= P(1+ R/100)^n

= 25,500(1+12/100)²

= 25,500× 56/50×56/50

= 31987.2

SI on 31987.2

= PRT/100

= 31987.2× 12× 2/100×3

= 2558.976

Total Amount

= 31987.2 + 2558.976

= 34546.176

Hope it helps...

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Answer 2

P= 25,500

R= 12/100

N= 2 years 2/3 months

A= P(1+ R/100)^n

= 25,500(1+12/100)²

= 25,500× 56/50×56/50

= 31987.2

SI on 31987.2

= PRT/100

= 31987.2× 12× 2/100×3

= 2558.976

Total Amount

= 31987.2 + 2558.976

= 34546.176