hari took a loan of rs. 4000 from his friend ashok for a period of 2 years. if the rate of interest is 10%per annum, how much money will he pay to ashok after 2 years?
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- P=$4000 ,Time=2yrs, R=10%
Interst of 1st yrs=$(4000×1×10)÷100
=$400
amount =(4000+400)
=$4400
principal of 2nd yrs=(4400×10×1)÷100
=$440
amount Hari has to pay after 2yrs=$(4400+440)
=$4840 Answer.
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