Question

If Rs. 7500 are borrowed at com-
pound interest at the rate of 4%
per annum. then after 2 years the
amount to be paid is-

Answer 1

Answer:

A=P(1+R/100)n

=7500(1+4/100)2

=7500(104/100)2

=7500(104/100)(104/100)

after cancellation

=3×104×26

=8,112