I need the answer of this question immediately
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Solution:
Given:
Principal (P) = ₹ 26,400, Time (n)= 2 years 4 months, Rate of interest (R) = 15% p.a.
Amount for 2 years (A) = P(1+R/100)^n
=26400(1+15/100)²
= 26400(1+3/20)²
= 26400(23/20)²
= 26400(23/20)×(23/20
= (264×23×23)/4= 66×23×23
= ₹34,914
Interest for 4 months= 4/12=1/3
Interest for 1/3 years at the rate of 15% = (34914×15×1)/3×100
= (34914×5)/100
= ₹ 174570/100
= ₹ 1745.70
Total amount = ₹ 34,914 + ₹ 1,745.70
= ₹ 36,659.70
The amount she will pay at the end of 2 years and 4 months to clear the loan= ₹ 36,659.70
57896:
you are brilliant
thx
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