Question

If ₹ 8000 is borrowed at 3% rate of interest per annum for 2 years find the amount to

be paid at the end of the second year.​

Answer 1

Answer:

p=8000 r= 3 n=2 a=?

a=p×r×n/100

a= 8000×3×2/100

a=480

total amount= p+a

8000+480

8480

therefore,the amount to be paid at the end of second year is 8480