If Heena borrowed Rs20,000 for 2 years at the rate of 10% per annum and Annie borrowed
Rs. 20,000 for 2 years at the rate of 10% compounded annually, who paid more at the end of
2 years and by how much?
Answers
Answered by
1
Answer:
Step-by-step explanation:
Correct option is
B
3328
Given that,
P=Rs.20,000
R=8%
T=2years
As compounded annually, n=2.
Amount at the end of 2 years =P(1+
100
R
)
n
=20000(1+
100
8
)
2
=20000×
100
108
×
100
108
=Rs.23,328
Compound Interest (C.I) =23328−20000=Rs.3328
Answered by
0
Answer:
both paid same amount of money
Step-by-step explanation:
heena =24200
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