Question

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3. To start a business Shalaka has taken a loan of 28000 at a rate of 103 p.c.p.a.
After two years how much compound interest will she have to pay ?​

Answer 1

Answer:

firstly find the amount by formula p(1+r/100)

28000(1+103/100) after finding the amount cut the principal from amount the answer you get after A-P is your compound interest

Step-by-step explanation:

firstly find the amount by formula p(1+r/100)

28000(1+103/100) after finding the amount cut the principal from amount the answer you get after A-P is your compound interest