Math, asked by SwaritRao, 16 days ago

How much Prabhas has to pay to clear of his Joan of 2,40,000 at the rate of 12% for 2 years?

Answers

Answered by arvindsethi36

0

Step-by-step explanation:

Compound intrest - principal (1+rate/100) time

Amount- Rs 240000(1+12/100)²

Amount- Rs 240000(100+12/100)²

Amount- Rs 240000(112/100) (112/100)

Amount- Rs 240000 * 112/100 *112/100

Amount- Rs 24 * 112 * 112

- Rs 301,056

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