Question

devik borrowed ₹25000 from a bank at a 5% p.a rate of interest compound annually. find the approximate amount that she has to pay to the bank after 3 years​

Answer 1

Explanation:

English = english

math = math

x

english = math = x

math= english = x

Answer 2

Answer:

Rs.28940.62 (Approximate), the total amount she has to pay to Bank after three years.

Explanation:

step by step explanation:

Borrowed amount= 25000

Interest charged by the bank is 5%

Here

In the first year, the interest amount would be: 1250

In the second year, the interest amount would be: 1312.5

In the third year, the interest amount would be: 1378.12

When we add all the interest its total would be: 3940.62

Therefore the total amount she has to pay to the bank is 28940.62

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