Question

Gaurav take a loan of rupees 50000 to buy a motorbike from a bank at the interest rate of 12% per annum the loan has to be repaid in 5 year find the amount gaurav has to return to bank after 5 years

Answer 1

Step-by-step explanation:

plz follow and mark as brainlist

Answer 2

$\sf \underline{Given} :$

• Gaurav take a loan of rupees 50000

• the interest rate of 12% per annum

• the loan has to be repaid in 5 year

$\sf \underline{To \: Find} :$

• find the amount gaurav has to return to bank after 5 years

$\sf \underline{Solution \: } :$

we have formula :

$\boxed{ \sf \: a = p\bigg(1 + {\frac{r}{100}}\bigg)^{n} }$

$\sf \underline{ \underline {Substitute \: all \: values \: } }:$

$\sf \leadsto \: a = 50000\bigg(1 + {\frac{12}{100}}\bigg)^{5} \\ \\ \sf \leadsto \: a = \: 50000 \bigg( \frac{112}{100} \bigg)^{5} \\ \\ \sf \leadsto \: a \: = 50000 \times \frac{112}{100} \times \frac{112}{100} \times \frac{112}{100} \times \frac{112}{100} \times \frac{112}{100} \\ \\ \sf \leadsto \: a = 5 \times \frac{17623416832}{1000000} \\ \\ \sf \leadsto \: a = \cancel{\frac{88117084160}{1000000} } \\ \\ \sf \leadsto \: a = 88117.08$

88117.08 ₹ Gaurav to return to bank after 5 years