If Pawan borrowed an amount of ₹14000 from Rahul with simple interest rate of 8%per annum for 2 years. What extra money should he pay if this sum is compounded with same interest rate and time period?
Answers
Answered by
2
Answer:
p=14000
R=8%
T=2
s.i.=p*r*t/100
=14000*8*2/100
=2240
Answered by
7
Answer:
principal =₹14000
rate=8%
time=2years
=as we know simple intrest =P×R×T/100
= 14000×8×2/100
=140×16
=₹2240
i hope this will help u
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