find the amount to be paid at the end of 3 years in each case: principal = rs 20000 for 2⅕% p.a
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I have attached the step by step explanation above.
Your ans is rupees 22,490.70
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Answer:
p= 20,000
r= 2 1/5% or 11/5% p.a.
t= 3 years
11/5% of 20,000 = rs 440
440 × 3 = 1,320
20,000 + 1320
= 21,320
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