Question

Find the amount tanvi needs to pay back after borrowing 200000 at 4% per annum for 1 year if the interest is compounded annually
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Answer 1

Answer:

208000

Step-by-step explanation:

p(1+r/100)^n

= 200000(1+4/100)^1

= 200000× 26/25

= 208000

Answer 2

Answer:

Find the amount tanvi needs to pay back after borrowing 200000 at 4% per annum for 1 year if the interest is compounded

Step-by-step explanation:

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